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FxWirePro: AUD/USD Daily Outlook

AUD/USD chart - Trading View AUD/USD upside fails shy of 200-DMA, bias turning bearish. The pair has slipped into daily cloud and 5-DMA is turning. Bearish inverted hammer on Monday's candle adds to downside pressure. St…

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FxWirePro: AUD/USD Daily Outlook
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AUD/USD chart - Trading View 

AUD/USD upside fails shy of 200-DMA, bias turning bearish.

The pair has slipped into daily cloud and 5-DMA is turning.

Bearish inverted hammer on Monday's candle adds to downside pressure.

Stochs on verge of rollover from overbought levels.

The pair has slipped below 110-EMA and is on track to test 21-EMA at 0.70.

Major trend is bearish and break below 21-EMA will accentuate weakness.

Support levels - 0.70 (21-EMA), 0.6955 (50-DMA), 0.6936 (Lower BB)

Resistance levels - 0.7036 (5-DMA), 0.7082 (July 19 high), 0.7089 (200-DMA)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex. 
 

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