TriumphFX – Forex Analysis – AUD Pairs – July, August & September 2021


Previous analysis… https://analysis.tfxi.com/2021/03/29/triumphfx-forex-analysis-aud-pairs-april-may-june-2021/

AUDCAD – Daily Chart

AUDCAD Daily Chart

As suggested in our last AUD chart analysis, price has been reversing around the moving averages and around the horizontal levels at 0.9715 and 0.9245.

AUDCAD is down-trending – price action has formed a series of lower swing highs and lower swing lows. The trend has formed a bearish channel. The moving averages are bearish and widening, signalling that the downside direction may continue.

Opportunities to go short could exist around the bearish channel resistance area, around the dynamic resistance of the moving averages and around the horizontal levels at 0.9385, 0.9485, 0.9720 and 0.9895. A bearish move may find support around 0.9245 and around the channel support area.

AUDCHF – Daily Chart

AUDCHF Daily Chart

Price has been bearish.

AUDCHF is down-trending and has formed a bearish channel. The moving averages are about to cross bearish, signalling that the trend could continue. Price is nearing a number of support levels, suggesting a bearish move could react to buying pressure.

Shorting opportunities may exist around the dynamic resistance of the moving averages, around the bearish channel resistance area and around the horizontal levels at 0.6900, 0.6990 and 0.7230. A bearish move may be rejected or reverse around the channel support area and around any of the horizontal levels at 0.6730, 0.6580, 0.6490 and 0.6390.

AUDJPY – Daily Chart

AUDJPY Daily Chart

The AUDJPY has been moving sideways.

Recently, price has been bearish. AUDJPY is below a recent range and below the moving averages, suggesting a potential downtrend. The moving averages are tightening and moving sideways though, signalling market indecision.

Trading opportunities could exist around the moving averages and around any of the horizontal levels at 72.95, 78.15, 79.60, 82.35 and 85.35.

AUDUSD – Daily Chart

AUDUSD 1 Hour Chart

As suggested in our last AUD chart analysis, the uptrend is over.

The AUDUSD is now down-trending – price action has formed a short series of lower swing highs and lower swing lows. Price action has also formed a bearish channel. The moving averages are crossing bearish, signalling that the downside direction could continue.

Selling opportunities may exist around the dynamic resistance of the moving averages, around the bearish channel resistance area and around the horizontal levels at 0.7380, 0.7585, 0.7855 and 0.7975.

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