- AUD/USD resumes downside after Wednesday's tepid bounce, intraday bias lower.
- The pair remains capped below 5-DMA, on track to test 20-DMA at 0.7579.
- Stochs and RSI have rolled over from overbought levels and MACD is on verge of a bearish crossover.
- Break below 20-DMA could see test of 200-DMA at 0.7493.
- Support levels - 0.76 (psychological level), 0.7579 (20-DMA), 0.7557 (Oct 28 low)
- Resistance levels - 0.7647 (5-DMA), 0.7685 (trendline), 0.7696 (Feb 2 high)
TIME TREND INDEX OB/OS INDEX
1H Neutral Neutral
4H Bearish Neutral
1D Bearish Neutral
1W Neutral Neutral
Recommendation: Good to short rallies around 0.7630/40, SL: 0.7685, TP: 0.76/ 0.7575/ 0.75
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at -102.601(Bearish), while Hourly USD Spot Index was at 34.6033 (Neutral) at 0855 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
