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FxWirePro: AUD/USD struggles at 100-DMA support, weakness only on break below

Friday, November 11, 2016 9:14 AM UTC

AUD/USD bounces off major trendline support at 0.7570, has retaken 100-DMA.
Upside remains capped below 23.6% Fib at 0.7628.
Technical indicators support downside in the pair.
Major support levels - 0.7570 (trendline), 0.7536 (38.2% Fib), 0.75 (Oct 13 low)
Major resistance levels - 0.76, 0.7628 (23.6% Fib), 0.7646 (20-DMA)

Recommendation: Good to go short on breakout below 100-DMA at 0.7588, SL: 0.7630, TP: 0.7535/ 0.75

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FxWirePro: AUD/USD struggles at 100-DMA support, weakness only on break below

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