- AUD/USD edges higher from multi-month lows of 0.7159.
- Upside finds strong resistance by 5-DMA at 0.7215.
- Technical indicators are biased lower, RSI in oversold territory.
- The pair finds strong support at 0.7145, break below could see further drag.
- Support levels - 0.7145 (May 24 low), 0.71, 0.7067 (Oct 30 low)
- Resistance levels - 0.7215 (5-DMA), 0.7280 (78.6% Fib), 0.73, 0.7372 (20-DMA)
FxWirePro's Hourly AUD Spot Index was at -80.0049 (Bearish), while Hourly USD Spot Index was at -14.7972 (Neutral) at 0600 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
