FxWirePro: AUD/USD struggles at 20-DMA, only break above to see further gains
20-DMA offers stiff resistance for upside in AUD/USD, only decisive break above could see further gains. The major holds gains above 23.6% Fib (0.7760 to 0.7442 fall) at 0.7517 and a decisive break above 20-DMA at 0.7559…
20-DMA offers stiff resistance for upside in AUD/USD, only decisive break above could see further gains.
The major holds gains above 23.6% Fib (0.7760 to 0.7442 fall) at 0.7517 and a decisive break above 20-DMA at 0.7559 could see upside till 0.7638 (61.8% Fib).
Intraday bias is neutral, weakness to resume on break below 100-DMA at 0.7578
Major support levels - 0.75, 0.7478 (100-DMA), 0.7460 (trendline), 0.7403 (200-DMA)
