FxWirePro
Short

AUD/USD upside stalls at 0.7283 levels, good to sell rallies

FX:AUDUSD   Australian Dollar/U.S. Dollar
253 0 3
AUD/USD             edges lower after hitting session highs at 0.7283, bulls struggling to extend gains, pair currently trades at 0.7265

Narrow range on the day amid holiday-thinned trades, rally from 0.7097 lows ( Dec             17) stalls at 0.7283 levels

0.7275-0.7283 is strong resistance zone, 0.7275 61.8% Fib of 0.7386-0.7097 fall, and 0.7283 is a double top ( Dec             15th & Nov 25th)

AUD/USD             bias is definitely lower, Stochs on 4-hourlies show bearish crossover from overbought levels, RSI points south

Immediate resistance is located at 0.7283 (session high Dec             28) ahead of 0.7296 ( Oct             23rd high), while support on the downside is seen at 0.7226 ( Dec             24th low)

We would sell rallies around 0.7265 levels, SL: 0.73, TP1: 0.7225, TP2: 0.72
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out