AUDUSD Technical and Fundamental Analysis; 4hr/TF
First thing which we establish depicting the 4hr/TF of AUDUSD are the levels of support and resistance.
Our vital Support level was present at approximately 0.63180, following our level of Resistance at 0.68550.
Furthermore, @0.63400 we receive an insight of a Triple Moving Average crossover amongst 4, 9, and 18 day charts.
Price then accelerates across moving average as it moves into a Bullish engulfing candlestick, allowing us to identify our ascending pattern on the 4/hr.
Our first target of @0.6500 was hit indicating continuous support via our EMA50, reinforcing the chances of a constant rise.
Fundamentals:
USD Jobless Claims Report - Thursday 30th April
USD (ISM) Manufacturing PMI - Friday 1st May
Our vital Support level was present at approximately 0.63180, following our level of Resistance at 0.68550.
Furthermore, @0.63400 we receive an insight of a Triple Moving Average crossover amongst 4, 9, and 18 day charts.
Price then accelerates across moving average as it moves into a Bullish engulfing candlestick, allowing us to identify our ascending pattern on the 4/hr.
Our first target of @0.6500 was hit indicating continuous support via our EMA50, reinforcing the chances of a constant rise.
Fundamentals:
USD Jobless Claims Report - Thursday 30th April
USD (ISM) Manufacturing PMI - Friday 1st May
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.