Chart - Courtesy Trading View
Technical Analysis: Bias Neutral
- AUD/USD was trading 0.85% higher on the day at 0.7326 at around 10:05 GMT
- The pair has snapped at 2-day downside and has erased most of the previous session's gains
- Price action has edged above 200-DMA, raising scope for further upside
- RSI is biased higher, while Stochs are showing a rollover from overbought levels
- MACD and ADX support upside, Chikou span is biased higher
Support levels - 0.7322 (5-DMA), 0.7315 (200-DMA), 0.7242 (110-EMA)
Resistance levels - 0.7369 (Upper BB), 0.74, 0.7499 (Weekly cloud top)
Summary: AUD/USD trades with a neutral bias with a slight bullish tilt. Decisive close above 200-DMA will raise scope for further upside.
