Chart - Courtesy Trading View
AUD/USD was trading 0.74% higher on the day at 0.6956 at around 06:15 GMT.
The pair has broken above 21-EMA raising scope for further upside.
Momentum is bullish. RSI has edged above the 50 mark and Stochs show bullish rollover from oversold levels.
Price action has broken above 200H MA and is testing cloud top, break above will fuel further gains
Major Support Levels:
S1: 0.6951 (21-EMA)
S2: 0.6912 (5-DMA)
Major Resistance Levels:
R1: 0.70
R2: 0.7034 (110-EMA)
Summary: AUD/USD poised for further upside. Watch out for break above daily cloud for further gains.
