AUDUSD Daily Chart:
AUDUSD extended its slide to be trading currently near 0.6975 in its day number 15 of consecutive being below its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 0.7055.
The pair has formed another lower high at 0.7068 on last Apr. 30 before diving down to 0.6961which is now forming the next supporting level to face the pair.
This slide extension drove the pair lower below its daily SMA50 last week, its daily SMA100 and its daily SMA200, while it is still under pressure below the trend line resistance which is extended from its formed peak on 26 January 2018 at 0.8135
The daily chart of AUDUSD shows that its RSI-14 is now in lower place inside the neutral region reading 36.639.
AUDUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having its main line inside its neutral territory 27.183 leading to the downside its signal line which is higher in the same region at 31.721, after forming another negative crossover in this same region.
Important levels: Daily SMA50 @ 0.7079, Daily SMA100 @ 0.7105 and Daily SMA200 @ 0.7159
The Closest Experienced S&R:
S1: 0.6961
S2: 0.6858
S3: 0.6826
R1: 0.7068
R2: 0.7205
R3: 0.7293
Kind Regards
Global Market Strategist of FX-Recommends
Walid Salah El Din
AUDUSD extended its slide to be trading currently near 0.6975 in its day number 15 of consecutive being below its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 0.7055.
The pair has formed another lower high at 0.7068 on last Apr. 30 before diving down to 0.6961which is now forming the next supporting level to face the pair.
This slide extension drove the pair lower below its daily SMA50 last week, its daily SMA100 and its daily SMA200, while it is still under pressure below the trend line resistance which is extended from its formed peak on 26 January 2018 at 0.8135
The daily chart of AUDUSD shows that its RSI-14 is now in lower place inside the neutral region reading 36.639.
AUDUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having its main line inside its neutral territory 27.183 leading to the downside its signal line which is higher in the same region at 31.721, after forming another negative crossover in this same region.
Important levels: Daily SMA50 @ 0.7079, Daily SMA100 @ 0.7105 and Daily SMA200 @ 0.7159
The Closest Experienced S&R:
S1: 0.6961
S2: 0.6858
S3: 0.6826
R1: 0.7068
R2: 0.7205
R3: 0.7293
Kind Regards
Global Market Strategist of FX-Recommends
Walid Salah El Din