Technical analysis

26 October 2021

14:05 AUD/USD continues to rise yesterday

Yesterday the AUD/USD was trading higher and closed the day in positive territory around the $0.7490. Today it also rose slightly, rising to the $ 0.7515 level. On the hourly chart, AUD/USD is still trading above the MA line (200) H1 ($0.7455). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the northern direction in trading, and while the AUD/USD remains above MA 200 H1, it may be necessary to look for buy entry points to form a correction.

  • Resistances levels are at: $0.7545, $0.7595-15, $0.7645

  • Support levels are at: $0.7455, $0.7410, $0.7370-80

Probably, the main scenario is an upward movement to $0.7545 (Oct 21 high). An alternative scenario is consolidation below MA 200 H1, followed by a decline to $0.7225 (Oct 6 low).

26 October 2021, 13:42

Gold remains above MA 200 H1

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