Technicals

Add as a preferred source on Google

FxWirePro: AUD/USD Daily Outlook

Chart - Courtesy Trading View Technical Analysis: Bias Bullish GMMA Indicator - Major and minor trend is neutral on daily and intraday charts Ichimoku Analysis - Price action is below daily and weekly cloud Oscillators -…

1 min read
FxWirePro: AUD/USD Daily Outlook
Image from the original EconoTimes article

Read the original article

Chart - Courtesy Trading View 

Technical Analysis: Bias Bullish

GMMA Indicator

- Major and minor trend is neutral on daily and intraday charts

Ichimoku Analysis

- Price action is below daily and weekly cloud

Oscillators

- Stochs and RSI are biased higher

- Oscillators are in neutral zone

Bollinger Bands

- Volatility is high

Major Support Level: 0.7106 (200H MA)

Major Resistance Level: 0.7180 (21-EMA)

Summary: AUD/USD struggles at 21-EMA. Watch out for break above for further gains. 
 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560