TipTVFinance

AUDUSD - 50-DMA stands exposed

FX:AUDUSD   Australian Dollar / U.S. Dollar
Pair's bearish break from smaller rising trend line earlier this week followed by a rejection at 5-MA today has increased risk of a cut through daily low of 0.7622 and a drop to 0.7533 (50-DMA + larger rising trend line support).

On the other hand, a move above 0.7709 (smaller rising trend line) would be required to reignite bullish move.

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.