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FxWirePro: AUD/USD extends range trade, finds stiff resistance at 110-EMA at 0.7220

AUD/USD chart on Trading View used for analysis

  • AUD/USD is trading in a narrow range, with day's high at 0.7205 and low at 0.7185.
     
  • The pair is extending sideways grind, major trend remains bearish.
     
  • 110-EMA at 0.7220 and daily cloud offer stiff resistance.
     
  • Momentum bullish, break above 110-EMA could see some upside. 
     
  • Breakout above 200-DMA required for bullish continuation. Rejection at 110-EMA will see resumption of weakness.

Support levels - 0.7170 (55-EMA), 0.7155 (21-EMA), 0.7113 (20-DMA)

Resistance levels - 0.7220 (110-EMA), 0.7322 (200-DMA), 0.7393 (Dec 3rd, 4th high)

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

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-1541 %

January 31 00:00 UTC 811606811606m

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 811606811606m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

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