How to trade AUDUSD short term? What are the price targets?
What economic news is impacting the forex market?
Watch the AUDUSD Forex market video by Trading Central’s technical analysis experts!
00:00 AUDUSD Technical Analysis Today with Targets
AUD/USD iis showing more upside potential.
It has broken above its consolidation zone.
Above the intraday key support at 0.6800, expect an advance to …
00:58 AUDUSD Stock Market and Economic News Today
The Reserve Bank of Australia is expected to keep its benchmark rate unchanged at ..
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How to read a Technical Analysis?
• Pivot Point (blue horizontal line): A key figure in technical analysis, it represents the important psychological level which, if reached, will invalidate the current strategy
It can be used as a level on which to place a stop loss
• Our preference: the scenario favored by Trading Central, materialized on the chart by a blue directional arrow
• Alternative scenario: the scenario that will be favored if the pivot point is reached
• Supports (red horizontal lines) and resistances (green horizontal lines) on all our charts
• Last: The last quoted price at the time of reporting
• The time horizon: at the top left of the graph, you will find the time horizon on which the analysis was carried out:
30 min: 1 bar on the chart represents 30 min of trading. Forecasting on a horizon of about 10 hours
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