Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: AUD/USD breaks above 55-EMA, risk-on rally in Asian equities and broad-based US dollar weakness support

AUD/USD chart - Trading View 

  • AUD/USD extends gains for the 2nd straight session, trades marginally higher at 0.7119 at 0340 GMT.
     
  • The pair hovers around 55-EMA resistance currently at 0.7119, decisive break above to see further gains.
     
  • Upside remains supported by risk-on rally in Asian equities and broad-based US dollar weakness.
     
  • Major trend is bearish. Break above 55-EMA eyes next major resistance at 110-EMA at 0.7159. 
     
  • Decisive breakout above 110-EMA and daily cloud targets 200-DMA at 0.7214.
     
  • On the downside, immediate support is seen at 5-DMA at 0.7107. Break below 21-EMA could see further weakness.

Support levels - 0.7107 (5-DMA), 0.7098 (21-EMA), 0.7050 (cloud base)

Resistance levels - 0.7119 (55-EMA), 0.7159 (110-EMA), 0.7214 (200-DMA)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

April 22 19:00 UTC Released

USCold Pork Belly Stocks

Actual

58.788 Pounds M

Forecast

Previous

53.795 Pounds M

April 22 19:00 UTC Released

USBeef Stocks

Actual

450.657 Pounds M

Forecast

Previous

479.282 Pounds M

January 31 00:00 UTC 643477643477m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 643477643477m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 655297655297m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 643477643477m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 655297655297m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 643477643477m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 643477643477m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 643477643477m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.