AUDUSD Weekly Forex Forecast 6th October to 12th October by yshashmi37 on

After making your selection, copy and paste the embed code above. Learn more how to embed chart into forum or blog.

Midterm forecast:

  • 0.7320 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The RSI bounced from the resistance #1 at 55 and it prevented price from more gains.
  • peak is formed in daily chart at 0.7305 on 09/21/2018, so more losses to support(s) 0.6825, 0.6280, 0.6000 and more depths is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 31.
Share This