AUDUSD Technical Analysis – 26-September-2024

FxNews—The Australian dollar trades bullish against the U.S. dollar above the 50—and 100-period simple moving averages. The Aussie bounced from $0.683 (September 19 High) resistance today, and as of writing, it has tried to stabilize itself above the $0.687 resistance.

The AUD/USD daily chart below demonstrates the price, support, resistance levels, and technical indicators utilized in today’s analysis.

AUDUSD Technical Analysis - 26-September-2024
AUDUSD Technical Analysis – 26-September-2024

AUDUSD Technical Analysis – 26-September-2024

AUDUSD Technical Analysis - 26-September-2024
AUDUSD Technical Analysis – 26-September-2024

The Awesome Oscillator’s recent bar turned green. The histogram is above the signal line, strengthening the bull market. Furthermore, the relative strength index signals buy by returning above the median line.

On the other hand, the Stochastic oscillator contradicts other technical tools. The indicator depicts 36 in description and declines, which is interpreted as the bear market gaining more momentum.

Overall, the technical indicators suggest the primary trend is bullish and should resume.

AUDUSD Forecast – 26-September-2024

The primary trend is bullish, and the immediate support rests securely near the 50-period simple moving average at $0.682. The uptrend will likely continue if the AUD/USD price holds above $0.682. The next bullish target in this scenario could be the $0.697 mark.

Please note that the bull market should be invalidated if the AUD/USD price dips below the $0.676 mark, a supply zone backed by the 100-period simple moving average.

AUDUSD Support and Resistance Levels – 26-September-2024

Traders and investors should closely monitor the key levels below to make informed decisions and adjust their strategies accordingly as market conditions shift.

  • Support: $0.682 / $0.676 / $0.669
  • Resistance: $0.692

Latest Posts

Bitcoin Analysis: Technical, Fundamental & News

Discover the latest Bitcoin analysis with our expert insights....

GBPUSD Analysis: Technical, Fundamental & News

Discover the latest GBPUSD analysis with our expert insights....

EURUSD Analysis: Technical, Fundamental & News

Discover the latest EURUSD analysis with our expert insights....

EURUSD began consolidating from 1.017: rose 0.85%

EURUSD began consolidating from 1.017 and rose 0.85%, trading...

Litecoin Gained 7.1%: What’s the Next Target?

Litecoin gained 7.1%, marching slowly toward $100.0. The uptrend...

Gold Exceeded $2665: Now Overbought!

Gold exceeded $2665 resistance. However, robust buying pressure made...

Bullish Symmetrical Triangle Signals NATGAS Breakout

NATGAS trades sideways in a low-momentum market inside the...

Crude Oil Holds at $72.8 After Initial Price Dip

Crude Oil price dipped from $75.24, testing the %50.0...

Gold Stays Below $2665 Ahead of US Economic Data

On Monday, the price of gold remained below $2,665...

US Gasoline Futures Hit $2.07 Amid Oil Surge Amid Oil Surge

Gasoline futures in the US have climbed past $2.03...

NATGAS Dips 14% Amid Low Storage Draws

Natural gas prices in the U.S. fell sharply by...

WTI Crude Slips From $74 as Dollar Strengthens

Crude oil prices for West Texas Intermediate (WTI) dipped...

NATGAS is Hit $4 As the Year Ends

NATGAS hit $4.0, trading in a robust uptrend. The...