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 - EconoTimes)
AUD/USD chart - Trading View
Technical Analysis: Bias Bullish
- AUD/USD consolidates break above daily cloud
- Price action tests 200W MA, decisive close above will buoy prices
- MACD shows bullish crossover on signal line
- Bullish 5-DMA crossover on 20-DMA supports near-term upside
Support levels - 0.7241 (200W MA), 0.7131 (61.8% Fib), 0.7060 (110-EMA)
Resistance levels - 0.73, 0.7413 (2020 high till date), 0.7573 (78.6% Fib)
Summary: AUD/USD risks remain skewed to the upside. Watch out for decisive close above 200W MA for further gains.
