AUD: the MAs pincers

AUD: the MAs pincers

2020-04-22 • Updated


The Australian dollar gives an unusually strong picture in the Forex market lately. On the H1, behaving almost identically against the USD and the JPY, the AUD recovered its losses after reaching its local low on Tuesday. Interestingly enough, the currency pair entered a channel right between the 100-MA and 200-MA as if it was “caught” there.



Switching to H4 timeframes gives the same peculiar formation: the currency pair trades between the 50-MA and 100-MA, showing an upward recovery after a recent drop. Technically, such a disposition makes it easy to evaluate the expected movement of the AUD: one it crosses the support or resistance of the respective Moving Average, it will confirm the taken direction.



The long-term outlook, however, offers no consolation for the AUD fans. The strategic picture has no support for the Aussie, even with the recovering China ahead of the rest of the world, as the country has little to put against the economic powers of the US or Japan in the Forex field. That’s why, betting on the AUD in the short-term or mid-term, keep in mind that in the long run, that’s a bearish current – which was confirmed a while ago when the AUD renewed its multiyear lows.

                                                                                          LOG IN


How will the reporting season affect US indices?
How will the reporting season affect US indices?

Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.

Stocks to trade in July
Stocks to trade in July

When I started trading stocks a few years ago, I often needed to pay more attention to my technical analysis skills and trust that the market would play fair according to my analysis. I have since discovered that the safer approach to trading stocks is to, more often than not, seek out investing opportunities - that is, catching stock commodities with a potential to rise.

Latest news

USD: Powell Speaks on Cutting Interest Rates
USD: Powell Speaks on Cutting Interest Rates

Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...

WTT: Currency Pairs To Trade In April
WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera