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

USDAUD's Stochastic Oscillator is sitting in overbought zone for 24 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for USDAUD moved out of overbought territory on December 21, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 41 similar instances where the indicator moved out of overbought territory. In of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where USDAUD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

USDAUD broke above its upper Bollinger Band on December 18, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 04, 2024. You may want to consider a long position or call options on USDAUD as a result. In of 131 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for USDAUD just turned positive on December 17, 2024. Looking at past instances where USDAUD'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 .

The Aroon Indicator entered an Uptrend today. In of 239 cases where USDAUD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .