The secondary trend of
AUD/USD is bullish on charts and price is trading above the trend
line in its hourly chart. In hourly chart the price is sustaining
above 200 day SMA and taking support of 50 day SMA indicating uptrend
of the pair. It is having an important resistance at the level of
0.7130 and support at the level of 0.7005. If it breaks its
resistance level on the upside and sustains above it then we can
expect it to show further bullish movement in the pair.
MACD is sustaining in
its positive territory indicating the bullish trend in the pair.
RSI is sustaining in
its buying zone indicating the upcoming bullish trend in the pair.
AUD/USD is
looking bearish on charts for next few trading session. One can go
for buy on lower level strategy for this pair for intra day to mid
term positions in it.
