AUDUSD Weekly Forex Forecast – 28th Jan to 1st Feb 2019 

 January 26, 2019

By  Advanced Strategies

AUDUSD Weekly Forex Forecast - 28th Jan to 1st Feb 2019
AUDUSD Weekly Forex Forecast – 28th Jan to 1st Feb 2019

The Best MT4 Expert Advisor You Can Use!

The AUDUSD bulls have managed to defend the support level 0.7107. As long as we stay above 0.7107 on a daily closing basis the bullish momentum should prevail. However, for the time being the Aussie seems trapped in a tight range and for the bullish momentum to gain traction we also need a break above 0.7233, which is the top of the current range.

The Power Strategy Used by Legendary Traders

The stochastic indicator is entering in overbought territory but for the time being there are no signs of extreme readings that might suggest a reversal. A daily break and close above 0.7233 can resuscitate the bullish trend. The Australian economic calendar has one major risk event that can give more clarity to the price action. On Wednesday, we have the CPI inflation figures, which according to the market consensus should show inflation falling on a yearly basis.

Previous AUDUSD Weekly Forex Forecast


Other Analysis Today

Advanced Strategies

Your Signature

related posts:

GBP/AUD Daily Price Forecast – 18th April 2024

AUD/USD Daily Price Forecast – 17th April 2024

USD/CHF Daily Price Forecast – 16th April 2024

Leave a Reply:

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Get in touch

Advanced Forex Strategies