Forex analytics and overview

AUD/USD: Tests the 200-Day SMA After Rebound off 0.6560

2023.03.23 09:08

XM Group

rebounded off the 0.6560 support level and is heading towards the 200-day simple moving average (SMA), which stands near 0.6755.

The bulls may be optimistic for more upside movements as the MACD is heading north above its trigger line in the negative region and the RSI is crossing the 50 level to the upside.

In the positive scenario, in case of a successful climb above the 200-day SMA, then the market may challenge the 50-day SMA around the 0.6857 resistance. More gains could lead the market towards the 0.7030 resistance ahead of the long-term descending trend line around 0.7070.

On the other hand, a dive below the 20-day SMA could endorse the bearish structure that started from the pullback off the eight-month peak at 0.7160 and hit the 0.6560 barrier. Steeper declines could open the way until the 0.6385 support.

In brief, despite its resilience above 0.6560, AUDUSD has yet to show any clear bullish signals, remaining exposed to downside corrections in the medium-term outlook. 

AUDUSD

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 67,052.97 0.47%
ethereum
Ethereum (ETH) $ 3,514.39 0.06%
tether
Tether (USDT) $ 1.00 0.06%
bnb
BNB (BNB) $ 593.57 0.08%
solana
Solana (SOL) $ 173.38 2.65%
staked-ether
Lido Staked Ether (STETH) $ 3,514.63 0.15%
usd-coin
USDC (USDC) $ 1.00 0.06%
xrp
XRP (XRP) $ 0.596139 4.14%
dogecoin
Dogecoin (DOGE) $ 0.133783 6.82%
the-open-network
Toncoin (TON) $ 7.28 0.01%
cardano
Cardano (ADA) $ 0.436708 0.31%
tron
TRON (TRX) $ 0.1347 0.01%
avalanche-2
Avalanche (AVAX) $ 28.95 2.95%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 1.66%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 67,105.98 0.47%
polkadot
Polkadot (DOT) $ 6.32 0.00%
chainlink
Chainlink (LINK) $ 14.23 1.64%
bitcoin-cash
Bitcoin Cash (BCH) $ 395.43 1.22%
near
NEAR Protocol (NEAR) $ 6.26 2.19%
uniswap
Uniswap (UNI) $ 7.97 0.13%
litecoin
Litecoin (LTC) $ 73.14 0.58%
dai
Dai (DAI) $ 1.00 0.06%
leo-token
LEO Token (LEO) $ 5.69 2.56%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,666.87 0.18%
pepe
Pepe (PEPE) $ 0.000012 3.82%
matic-network
Polygon (MATIC) $ 0.53992 1.38%
internet-computer
Internet Computer (ICP) $ 10.19 0.46%
kaspa
Kaspa (KAS) $ 0.181039 0.26%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.45 1.12%
ethereum-classic
Ethereum Classic (ETC) $ 23.93 1.63%
aptos
Aptos (APT) $ 7.40 0.53%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.18%
stellar
Stellar (XLM) $ 0.105011 0.19%
monero
Monero (XMR) $ 163.04 1.11%
mantle
Mantle (MNT) $ 0.894375 0.03%
blockstack
Stacks (STX) $ 1.91 0.04%
injective-protocol
Injective (INJ) $ 27.87 5.80%
render-token
Render (RNDR) $ 6.90 4.30%
filecoin
Filecoin (FIL) $ 4.68 1.14%
hedera-hashgraph
Hedera (HBAR) $ 0.074249 0.63%
maker
Maker (MKR) $ 2,805.57 1.26%
arbitrum
Arbitrum (ARB) $ 0.777135 0.40%
dogwifcoin
dogwifhat (WIF) $ 2.59 2.66%
okb
OKB (OKB) $ 42.88 1.42%
cosmos
Cosmos Hub (ATOM) $ 6.51 0.07%
immutable-x
Immutable (IMX) $ 1.63 1.32%
crypto-com-chain
Cronos (CRO) $ 0.093558 1.28%
vechain
VeChain (VET) $ 0.030567 2.76%
bittensor
Bittensor (TAO) $ 339.16 3.73%
arweave
Arweave (AR) $ 33.45 0.51%