Australian Dollar Outlook: AUD/USD Dead Cat Bounce?
The Australian Dollar may be resuming its top against the US Dollar after a potential 'Dead Cat Bonce'.
A bearish 'Death Cross' is still in play between the 20-day and 50-day Simple Moving Averages.
Still, the 200-day SMA is playing out as key support.
A turn back lower and downtrend resumption entails clearing the June 21st low. Such an outcome may open the door to lasting losses.
Otherwise, follow-through may place the focus on a potential falling trendline from earlier this year.
A bearish 'Death Cross' is still in play between the 20-day and 50-day Simple Moving Averages.
Still, the 200-day SMA is playing out as key support.
A turn back lower and downtrend resumption entails clearing the June 21st low. Such an outcome may open the door to lasting losses.
Otherwise, follow-through may place the focus on a potential falling trendline from earlier this year.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.