FX:AUDUSD   Australian Dollar / U.S. Dollar
Stiff resistance from 50.0 reaction seems at 0.7885 coincides with 50WMA above this 0.7900 exists (Oct 13 high). The RSI stands at 77. A move above 0.7900 could open to 0.7940. We believe in the near term, the cross offers limited upside risk.
Support finds at 0.7830 and 0.7785.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.