AUDUSD – pullback pressures key supports provide by daily cloud top and 200SMA

Slobodan Drvenica Windsor Brokers

AUD/USD

The Aussie pressures strong support at 0.7539 (daily cloud top) following three days in red after repeated upside rejections above 0.7600.
Strong bearish signals have been generated on close below 10/100SMA’s that keeps negative near-term outlook.
Dips should be ideally contained above strong support zone between 0.7539 and 0.7527 (daily cloud base / Fibo 38.2% of 0.7369/0.7635 upleg / 200SMA) to keep in play broader bulls which are underpinned by 20/55 and 30/55SMA bull-crosses.
Conversely, bearish extension below 0.7539 /27 pivots would confirm reversal from 0.7630 zone tops and risk further retracement of 0.7369/0.7635 rally.

Res: 0.7555; 0.7574; 0.7600; 0.7630
Sup: 0.7539; 0.7527; 0.7516; 0.7492

Interested in AUDUSD technicals? Check out the key levels

Sell 50%

Buy 50%

Avg Sell Price 0.7595

Avg Buy Price 0.7503

Liquidity Distribution

Author

Slobodan Drvenica

Windsor Brokers

Industry veteran with over 22 years’ experience, Slobodan Drvenica joined Windsor Brokers in 1995 when he was an active trader for more than 10 years, managing the trading desk and own account departments.

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