FxWirePro
Short

AUD/USD breaches 20-DMA support, good to sell rallies

FX:AUDUSD   Australian Dollar/U.S. Dollar
253 1 11
Broadly higher greenback and weaker commodities’ prices keep the Aussie subdued.

Muted reaction to upbeat Australian trade balance data, focus remains on the US Friday’s NFP data.

Technicals are bearish , the pair has breached 20-DMA support at 0.7589, on track to test 100-DMA at 0.7514.

Price action has broken into daily cloud. Stochs and RSI biased lower, MACD is on the verge of a bearish crossover on signal line.

Major support levels - 0.7536 (double bottom), 0.7514 (100-DMA), 0.7485 (trendline)

Major resistance levels - 0.7607 (50-DMA) , 0.7629 (5-DMA), 0.7645 ( Oct             5 high)

Good to sell rallies around 0.7590/0.76 SL: 0.7645, TP: 0.7535/ 0.7515/ 0.75
mecom
2 months ago
Agree, thx.
Reply
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