FX.co ★ Alpha302 | AUD/USD

AUD/USD Technical analysis D-1 Chart

Here you can see that the previous trading week made a trap for sellers at the beginning of the week and confidently fell down, lured many sellers into sales, and then dragged up beyond the maximum. In my opinion, for the most part, in general, in relation to the main currencies, the US dollar is inclined to strengthen in the coming days. This is indicated by the analysis of the main pairs of majors. The most important thing is that there is a divergence in many places according to the MACD indicator used on the daily period. Bearish for the euro and pound, the same for the Australian and New Zealander. Bullish divergence for the Canadian. That is, a complex signal that is essentially synchronous and has an increased chance of working out. If you look at the last month and it turned out on this pair, you can say nothing in terms of movements; a saw in place in a not very wide sideways range for a daily chart. The wave structure is built in a neutral order; it seems that the downward trend has ended, but a new upward trend has not yet begun normally. The MACD indicator is still in the upper purchase zone. Last week, in an attempt to decline, the price broke the ascending line that can be drawn here and has almost reached the set target, the support level of 0.6355, but statistics from the USA on Monday spoiled all plans; the US dollar weakened in general across the market, and a trap for sellers turned out. The line was broken, and most likely most went into sales. Here they pulled it back up; there was an exit beyond the maximum, but I think there will be a new attempt to decline since the bearish divergence on the MACD indicator has not gone anywhere but has only tripled. The second used indicator, CCI, entered the upper overheating zone and is leaving it downwards. I assume that the downward pressure will resume since the divergence signal is not singular here but complex across the market. On other major pairs, almost all have similar signals, although they are in no hurry to work out yet. Today's news items worth noting: 15:15 - ADP Nonfarm Payrolls. 17:30 - Energy Information Administration Crude Oil Inventories.