AUD/USD up on renewed optimism, go long on breakout above 0.7450

FX:AUDUSD   Australian Dollar / U.S. Dollar
351 0 14
Risk-on trades persisting in the markets after the latest Brexit polls’ outcome swayed towards the Remain camp support AUD.

Rallying copper             and oil             prices together with broad-based US dollar             sell-off also collaborated to the upside in the pair.

AUD/USD             is extending upside after bullish gap-up open and is currently trading around 0.7449 levels.

Momentum studies are bullish , RSI biased north, strength in RSI at 57 levels.

Bollinger bands are widening and the pair has bounced of 20-DMA support on June 16th trade.

Upside finds major trendline resistance at 0.7450 levels, break above will see test of 0.75 and then 0.7560 levels.

On the downside, we see immediate support at 0.74 (10-DMA) ahead of 0.7393 (5-DMA). Break below could see test of 0.7360 levels.

Immediate focus now on Tuesday’s RBA minutes release along with RBA official Debelle’s speech for fresh impetus on the Aussie.

Good to go long on decisive breakout above 0.7450, SL: 0.74, TP: 0.75/0.7530/0.7560
Comment: June RBA minutes perceived as broadly hawkish.

Aussie extends gains against major counterparts after minutes confirm a wait-and-see policy approach.

TP1 achieved. Bias higher.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out