FxWirePro: AUD/USD breaks above 20-DMA, intraday bias higher, stay long
AUD/USD hits fresh two-week highs at 0.7675, on track to test 0.77 levels. Aussie extends gains as markets digest the latest RBA meeting minutes and Governor Lowe’s comments. Minutes suggested that the RBA may remain in …
AUD/USD hits fresh two-week highs at 0.7675, on track to test 0.77 levels.
Aussie extends gains as markets digest the latest RBA meeting minutes and Governor Lowe’s comments.
Minutes suggested that the RBA may remain in a wait and see mode in the upcoming meetings. RBA’s Lowe noted that the current AUD level is suitable for the economic growth.
On the daily charts, the pair has broken above 20-DMA at 0.7622. Intraday bias higher.
Next major resistance aligns at 0.77 (trendline), break above will see further upside.
Major support levels - 0.7622 (20-DMA), 0.76, 0.7598 (10-DMA), 0.7581 (Oct 17 low)
