简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:AUD/USD Price Analysis: Bulls eye 0.7280 despite recent pullback
Bullish MACD conditions, firmer RSI keeps buyers hopeful to challenge three-week-old horizontal resistance.
200-SMA, seven-week-old support line restricts short-term downside.
AUD/USD bulls take a breather around 0.7235, up 0.21% intraday, following the early Asian session run-up to refresh weekly top. Even so, the quote remains above short-term key SMA during Thursday.
Not only the sustained break of 100-SMA and a successful rebound from 200-SMA but firmer RSI and MACD also favor AUD/USD buyers.
That said, a horizontal area comprising multiple levels marked since December 30, near 0.7280, becomes the key hurdle before directing AUD/USD bulls to the monthly peak of 0.7315.
Meanwhile, pullback moves remain dismal beyond the 100-SMA level of 0.7221, a break of which will highlight the 200-SMA level of 0.7190 for bears to watch.
It should be noted, however, that the quotes weakness past 0.7190 will be challenged by upward sloping trend lines from December 03 and 20, respectively near 0.7180 and 0.7160.
To sum up, AUD/USD bulls have the controls but need validation from 0.7280.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
The Philippine financial sector expanded by 10.5% in June, reaching P32.3 trillion. Bank resources surged, while positive earnings drove stock market gains.
Inflation shows signs of cooling in the U.S., but persistent economic pressures, particularly housing and utilities, continue to challenge growth.
Philippine PSEI ends flat as July inflation surge and rate hike concerns weigh on investor sentiment. Broader All Shares Index gains slightly.
Robinhood announced the suspension of its 24-hour overnight trading service due to the severe market downturn on Monday, August 5.