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Chart - Courtesy Trading View
Technical Analysis: Bias Neutral
- AUD/USD was trading 0.12% lower on the day at 0.7404 at around 08:20 GMT
- The pair has snapped a four-day bullish streak
- A potential 'Doji' formation on the daily candle dents upside
- ADX and MACD support upside. GMMA indicator shows major and minor trend are bullish
Support levels - 0.7334 (5-DMA), 0.7299 (200-DMA), 0.7252 (110-EMA)
Resistance levels - 0.7429 (Upper BB), 0.75, 0.7536 (Nov 2021 high)
Summary: AUD/USD technical bias remains bullish. Weakness only below 200H MA.
