AUD/USD chart - Trading View
Technical Analysis: Bias Bullish
GMMA Indicator
- Minor and major trend are strongly bullish
- Price action is above major moving averages
Ichimoku Analysis
- The pair trades above cloud on the daily and weekly charts
- Chikou span shows some weakness on the daily charts
Oscillators
- Oscillators are at overbought levels
- Bearish divergence on the oscillators on the daily charts raises scope for some downside
Bollinger Bands
- Bollinger bands are wide on the daily and weekly charts
- Volatility to remain high
Major Support: 0.7107 (21-EMA)
Major Resistance: 0.7257 (200W MA)
Summary: Major trend in the pair is bullish. Overbought oscillator and bearish divergence can cause minor pullbacks. Focus on key U.S. NFP data for further impetus. Decisive break above 200W MA will fuel further gains.
