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Chart - Courtesy Trading View
Technical Analysis:
- AUD/USD was trading 0.65% higher on the day at 0.6751 at around 06:00 GMT
- The pair has broken above 21-EMA and 200H MA, scope for further upside
- Momentum has turned bullish, Stochs have rolled over from near oversold levels
- Pullback on account of bearish RSI divergence has bounced off 55-EMA support
- GMMA indicator shows bullish shift on the intraday charts
Major Support Levels: 0.6708 (21-EMA), 0.6664 (55-EMA)
Major Resistance Levels: 0.6756 (20-week MA), 0.6883 (200-DMA)
Summary: AUD/USD poised to extend gains. Close above 21-EMA will confirm further gains.
