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FxWirePro: AUD/USD struggles at 200W MA, slips lower for the second straight session

AUD/USD chart - Trading View AUD/USD was trading 0.11% lower on the day at 0.7170 at around 05:58 GMT. The major remains depressed below 0.72 handle, has reversed from yearly-highs at 0.7275. Major trend is bullish. Upsi…

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FxWirePro: AUD/USD struggles at 200W MA, slips lower for the second straight session
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AUD/USD chart - Trading View 

AUD/USD was trading 0.11% lower on the day at 0.7170 at around 05:58 GMT.

The major remains depressed below 0.72 handle, has reversed from yearly-highs at 0.7275.

Major trend is bullish. Upside fails at 200W MA. Further, pullbacks likely on account of bearish divergence. 

On the downside, 21-EMA offers strong support at 0.7147. Weakness only on break below. 

Upside resumption only on break above 200W MA. Next major bull target lies at 78.6% Fib at 0.7573.
 

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