How to trade AUDUSD short term? What are the price targets?
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👉 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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