AUD/USD: technical analysis and trading recommendations_05/27/2022

 
 
 
 
 
 
 
AUD/USD H1 Chart

At the time of publication of this article, AUD/USD is traded near 0.7138, developing an upward correction to the resistance level 0.7165 (EMA50 on the daily chart). Meanwhile, AUD/USD remains in the bear market zone, trading below key resistance levels 0.7600 (EMA200 on the monthly chart), 0.7310 (EMA200 on the weekly chart), 0.7270 (EMA200 on the daily chart).

AUD/USD H4 Chart

A breakdown of support levels 0.7128 (EMA200 on the 4-hour chart), 0.7064 (EMA200 on the 1-hour chart) will resume the downward dynamics of AUD/USD.

AUD/USD D Chart

In an alternative scenario, AUD/USD will again attempt to grow towards the resistance levels 0.7270, 0.7310. The signal for the development of this scenario will be a breakdown of the resistance level 0.7165. Below this resistance level, short positions in AUD/USD remain preferable.

AUD/USD W Chart

Support levels: 0.7128, 0.7085, 0.7064, 0.7037, 0.7000, 0.6970, 0.6800, 0.6450

Resistance levels: 0.7165, 0.7200, 0.7270, 0.7310, 0.7400, 0.7440, 0.7510, 0.7555, 0.7615, 0.7660

Trading Recommendations

Sell Stop 0.7120. Stop Loss 0.7175. Take-Profit 0.7085, 0.7064, 0.7037, 0.7000, 0.6970, 0.6800, 0.6450

Buy Stop 0.7175. Stop Loss 0.7120. Take-Profit 0.7200, 0.7270, 0.7310, 0.7400, 0.7440, 0.7510, 0.7555, 0.7615, 0.7660