AUD/USD Technical Analysis: Dead cat bounce or bull reversal near 0.7000 handle ?
|AUD/USD daily chart
- AUD/USD is trading in a bear trend below its mains simple moving averages (SMAs).
- AUD/USD is trading above the 0.7000 handle.
AUD/USD 30-minute chart
- The Aussie is trading above 0.7010 support and the 100 SMA suggesting bullish momentum in the short-term.
- A break above 0.7030 resistance can lead to further gains towards 0.7050 and 0.7070 resistances.
- Support is at 0.7010 and 0.6990 level.
Additional key levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.