- Aussie bulls lifted AUD/USD to 0.7200 putting the main bear trend on hold.
- Bulls regained the 50-period simple moving average but were rejected at the 100 SMA. The RSI, MACD are still bullish while the Stochastic indicator is already overbought.
- All-in-all AUD/USD bulls are still in charge and an extension of the bullish reversal to 0.7300 can be on the cards if the bulls can break 0.7236 (August 24 low).
-636724532013715611.png)
Spot rate: 0.7198
Relative change: 0.42%
High: 0.7231
Low: 0.7165
Main trend: Bearish
Short-term trend: Bullish correction above 0.7085, 2018 low
Resistance 1: 0.7200 figure August 15 low
Resistance 2: 0.7236 August 24 low
Resistance 3: 0.7255 August 13 low
Resistance 4: 0.7294 August 13 high
Support 1: 0.7144 September 5 low
Support 2: 0.7085, 2018 low
Support 3: 0.7000 figure
Support 4: 0.6830 January 15, 2016 low
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