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FxWirePro: AUD/USD Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis: Bias Bullish

GMMA Indicator

- Major and minor trend is neutral on daily and intraday charts

Ichimoku Analysis

- Price action is below daily and weekly cloud

Oscillators

- Stochs and RSI are biased higher

- Oscillators are in neutral zone

Bollinger Bands

- Volatility is high

Major Support Level: 0.7106 (200H MA)

Major Resistance Level: 0.7180 (21-EMA)

Summary: AUD/USD struggles at 21-EMA. Watch out for break above for further gains. 
 

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