Long AUD/USD dips, target 20-DMA at 0.7563

FX:AUDUSD   Australian Dollar / U.S. Dollar
293 0 9
AUD/USD             closed the bearish gap open and has bounced higher.

Aussie bid on Australian Treasurer Morrison's comments, 100-DMA offers strong support on the downside.

Morrison announced a new MoU between the govt             and RBA, which states that now is not the time for major changes to RBA accord.

The major has taken out 23.6% Fib (0.7760 to 0.7442 fall) at 0.7517 and is on track to test 20-DMA at 0.7563.

Technical indicators on daily charts have turned slightly bullish . RSI is biased higher while Stochs has shown a rollover from oversold region.

Major support levels - 0.75, 0.7477 (100-DMA), 0.7455 ( trendline ), 0.74 ( 200-DMA             )

Major resistance levels - 0.7539 (session high), 0.7556 (10-DMA), 0.7563 (38.2% Fib & 20-DMA)

Good to go long on dips around 0.75/0.7510, SL: 0.7450, TP: 0.7563/ 0.76
Comment: Targets hit.

Focus on Fed policy meet for further direction.

Close above 20-DMA to see 0.7680/ 0.7720
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
AR العربية
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