AUD/USD technical analysis: Eyes 200-D exponential moving average (EMA) around 0.70 handle.

Downside opens .6930s and the 21-day ma ahead of 0.6830 swing lows.
Upside eyes 200-D exponential moving average (EMA) around the 0.70 handle.

Ross J Burland FXStreet

AUD/USD has made bullish tracks and leans with an upside bias still, en route to the 200-D exponential moving average (EMA) around the 0.70 handle. The first challenge will be the 55-day ma at 0.6984, Other notable levels are 0.7022 as the June peak and the April top at 0.7069 that guard a run towards 0.7207 February high and the December 2018 high at 0.7394. To the downside, a break of the channel support opens a run to 0.6930s and the 21-day ma ahead of 0.6830 swing lows.

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Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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