What is PCI AUD_index - Currency Index AUD?

Vote to see community's results! In this review we suggest considering the personal composite instrument (PCI) AUD_Index - currency index AUD. It is intended for analyzing and trading the Australian dollar AUD... Get detailed information on the Australian Dollar Index including charts, technical analysis, components and more.

What's going on with the AUD/USD?

On the daily chart, the AUD/USD continues to move between the 20-day Simple Moving Average (SMA) and the 55-day SMA (0.6505). The 0.6400 level has become a relevant support, and a consolidation below it should bring further weakness to the Aussie, exposing the 20-day SMA at 0.6360.

What's going on with AUDUSD?

Upward trend forming, EMA break and retest. 3 profit zones identified. AUDUSD touches the target The Australian dollar pair against the US dollar , and finds strong support there to now show some bullish bias, influenced positively by stochastic indicators, heading towards achieving immediate gains that may reach 0.6468 .

Why is the RSI (14) AUDUSD boosting the trend of increasing?

It’s worth noting that the RSI (14) Audusd boosts the trend of increasing Greetings, beloved companions! Following a prolonged period of lateral movement, AUDUSD has at last regained its upward momentum. This resurgence is attributed to the weakening of the USD, which in turn provides substantial support for this particular currency pair.