Chart - Courtesy Trading View
Technical Analysis: Bias Bullish
GMMA Indicator
- Major trend is neutral, while minor trend is bullish
Ichimoku Analysis
- Price action is below the daily cloud
- Chikou span is biased higher, suggests further gains
Oscillators
- Stochs and RSI are sharply higher, momentum is strongly bullish
- Stochs are in overbought zone, but no signs of reversal seen
Bollinger Bands
- Widely spread Bollinger bands suggest high and rising volatility
Major Support Levels: 0.7232 (5-DMA), 0.7188 (21-EMA)
Major Resistance Levels: 0.7276 (Upper Bollinger band), 0.7308 (110-EMA)
Summary: AUD/USD trades with a bullish bias. Watch out for decisive break above 55-EMA for further upside.
