FxWirePro: AUD/USD extends gains amid US dollar weakness, eyes 21-EMA at 0.6956

AUD/USD chart - Trading View 

AUD/USD extends gains for the 3rd straight session, US dollar weakness supports.

The pair has bounced off strong trendline support, trades 0.17% higher at 0.6936 at 05:45 GMT.

RSI is biased higher and Stochs are on verge of rollover from oversold levels.

MACD is showing a bullish crossover on signalline and 5-DMA has turned.

Price action now eyes 21-EMA resistance at 0.6956, break above could see further upside. Next bull target lies at 55-EMA at 0.7025.

Major trend in the pair is bearish. Rejestion at 21-EMA could see resumption of downside.

Support levels - 0.6905 (5-DMA), 0.6846 (Converged trendline and Lower BB), 0.68

Resistance levels - 0.6956 (21-EMA), 0.70, 0.7020 (50% Fib)

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