AUDUSD Australian Dollar - United States Dollar Forecast, Technical & Fundamental Analysis

AUDUSD's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for AUDUSD turned positive on December 23, 2024. Looking at past instances where AUDUSD's MACD turned positive, the stock continued to rise in of 102 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

AUDUSD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 82 cases where AUDUSD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on December 26, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on AUDUSD as a result. In of 132 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Aroon Indicator for AUDUSD entered a downward trend on December 29, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.