AUD/USD Annual Forecast – 2022
The AUD/USD annual forecast market financial book records that the currency pair price has been trading under the resistance of 0.8000 since 2015 until the present time of January 2022. This year’s trading operations opened at around 0.7270 and, the trade has reached a higher point of about 0.7314 and its lower value line is around 0.7129, maintaining the minute percentage rate of about 0.78 negatives.
AUD/USD Market
Key Levels:
Resistance levels: 0.8000, 0.8500, 0.9000
Support levels: 0.6500, 0.6000, 0.5500
AUD/USD – Monthly Chart
The AUD/USD annual forecast monthly chart reveals the currency pair market has been suffering a setback as it trades below the resistance at 0.8000 over a couple of years back until the present. During the early 2021 months, variant candlesticks emerged to make several failing attempts to break past the value line a bit above the bigger SMA trend line. The 14-day SMA indicator is underneath the 50-day SMA indicator. Candlesticks have now been converging around the trend line of the smaller SMA. The Stochastic Oscillators are down at the range of 20, trying to move in a consolidation manner. That suggests that the currency pair price may still fall southbound in the subsequent trading months.
What are the basic resistance trading levels that have kept resurfacing in the AUD/USD annual forecast market price over the years now?
Over the years now, the AUD/USD annual forecast market price has been principally encountering resistances between the levels of 0.7500 and 0.8000. Around the March trading session in 2020, the pair massively declined to find support at 0.5500. In the subsequent months, some upward momentums garnered as the base trading instrument pushed higher for recovery in a row toward averaging the latterly mentioned resistance line. The level around 0.7000 has been instrumental in deciding the tendency of price-finding support to swing for more ups.
On the downside of the technical analysis, the AUD/USD market short-position taters needed to hold around the level of 0.7500. It appears that a lot more price convergences will happen between the spaces of the SMAs for the next few months to come. A full-fledged bearish candlestick forming against the 0.7000 will likely portend a confirmed returning of a downward trend, that may, in the long run, lead the market back to its various lower trading zones before the end of this year.
Summarily, it still indicated that the AUD/USD market go undervaluing more as the price has been getting too weak to break past 0.8000 at the point of reaching over the years. However, the positioning of the Stochastic Oscillators around the range of 20 denotes that traders should exercise some levels of wariness before exerting a position.
AUD/USD Weekly Chart
The AUD/USD annual forecast on the weekly chart reveals the currency pair market has been under a price correction moving mode since the early trading sessions of February 2021 until the present time. The 14-day SMA indicator has moved southward to touch the 50-day SMA indicator at the top within the bearish correction channel trend lines drawn. The Stochastic Oscillator are now attempting to clog at around range 60. That could mean that price will face some indecision trading conditions pushing with less-active motions to determine the next actual direction for a while. But, it also appears that bearish moves will dominate afterward.
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