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Add as a preferred source on Google FxWirePro: AUD/USD capped at 21-EMA, break above targets 55-EMA at 0.7228 AUD/USD chart on Trading View used for analysis AUD/USD capped at 21-EMA at 0.7151, scope for further upside on break above. Technical incicators are turning slightly bullish on the daily charts. Major trend remains bear…
By FxWirePro Team Oct 16, 2018, 1:49 PM UTC
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AUD/USD chart on Trading View used for analysis
AUD/USD capped at 21-EMA at 0.7151, scope for further upside on break above.
Technical incicators are turning slightly bullish on the daily charts.
Major trend remains bearish, with no major signs of reversal.
That said, RSI and Stochs on daily charts are biased higher and MACD is showing a bullish crossover on signal line.
Upside is currently being capped at 21-EMA, break above targets 55-EMA at 0.7228.
On the flip side, 5-DMA is immediate support at 0.7112, break below will see resumption of weakness.
Support levels - 0.7112 (5-DMA), 0.7085 (Sept 11 low), 0.7040 (Oct 8 low)
Resistance levels - 0.7151 (21-EMA), 0.72, 0.7228 (55-EMA)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex .
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