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AUD/USD chart - Trading View
AUD/USD extends gains for the 3rd straight session, US dollar weakness supports.
The pair has bounced off strong trendline support, trades 0.17% higher at 0.6936 at 05:45 GMT.
RSI is biased higher and Stochs are on verge of rollover from oversold levels.
MACD is showing a bullish crossover on signalline and 5-DMA has turned.
Price action now eyes 21-EMA resistance at 0.6956, break above could see further upside. Next bull target lies at 55-EMA at 0.7025.
Major trend in the pair is bearish. Rejestion at 21-EMA could see resumption of downside.
Support levels - 0.6905 (5-DMA), 0.6846 (Converged trendline and Lower BB), 0.68
Resistance levels - 0.6956 (21-EMA), 0.70, 0.7020 (50% Fib)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
