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AUD USD Technical Analysis - AUD USD Trading: 2025-01-08
AUD/USD Technical Analysis Summary
Below 0.62112
Sell Stop
Above 0.62874
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Sell |
| MA(200) | Neutral |
| Parabolic SAR | Sell |
AUD/USD Chart Analysis
AUD/USD Technical Analysis
The technical analysis of the AUDUSD price chart on 4-hour timeframe shows AUDUSD,H4 is retracing lower under the 200-period moving average MA(200) after rebounding to three-week high two days ago. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 0.62112. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.62874. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - AUD/USD
Australia’s latest inflation data were hotter than expected. Will the AUDUSD price retreating reverse?
Australian Bureau of Statistics latest inflation data were hotter than expected: consumer price index growth accelerated to 2.3% over year in November after 2.1% growth in October when an increase to 2.2% was forecast. The rise in inflation pace was mainly due to price increases in Alcohol and tobacco followed by Food and non-alcoholic beverages as well as slower decline in electricity prices (-21.5% vs -35.6% in October), and automotive fuel (-10.2% vs -11.5%). However, the underlying inflation represented by the trimmed mean, slowed to 3.2% in November from 3.5% in October. This raised expectations for a February rate cut, with market pricing in around a 75% chance of a 25 basis point reduction. Higher likelihood of interest rate by the Reserve Bank of Australia is bearish for Australian dollar and AUDUSD pair.
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