Back
27 Feb 2015
AUD/USD technicals favouring buying – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team gives the technical outlook and key levels for AUD/USD.
Key Quotes
“This currency pair is moving in an downward trend channel since the beginning of August. Not at least a strong U.S. data helped the bears to take control.”
“The support line at 0.7732 has stopped the depreciation of the Australian dollar.”
“The MACD is moving under the Centrer line in the oversold currency area, towards the middle as a possible signal for buyers.”
“Support Levels around 0.7732”
“Resistance Levels around 0.8229, 0.8834, 0.9367”
Key Quotes
“This currency pair is moving in an downward trend channel since the beginning of August. Not at least a strong U.S. data helped the bears to take control.”
“The support line at 0.7732 has stopped the depreciation of the Australian dollar.”
“The MACD is moving under the Centrer line in the oversold currency area, towards the middle as a possible signal for buyers.”
“Support Levels around 0.7732”
“Resistance Levels around 0.8229, 0.8834, 0.9367”