简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:AUD/USD Price Analysis: Battles immediate hurdle on the way to 0.7800
AUD/USD picks up bids to refresh intraday high as bulls attack one-week-old horizontal resistance area.
Multiple strong supports defend buyers above monthly support line.
AUD/USD stays on the front foot around 0.7760, up 0.27% intraday, amid early Monday. In doing so, the aussie pair buyers attack a key resistance zone comprising multiple tops marked since mid-April.
Given the upbeat RSI and the pairs sustained trading beyond 200 and 100-SMA confluence, AUD/USD buyers should remain hopeful of overcoming the 0.7760-65 hurdle.
Following that, 0.7785 may offer an intermediate halt during the run-up to refresh the monthly top of 0.7817. It should be noted that the 0.7800 threshold may act as an intermediate resistance.
Meanwhile, a seven-day-old support line near 0.7705, quickly followed by the 0.7700 round-figure, guards the quotes short-term declines ahead of the stated SMA confluence near 0.7685.
If at all the AUD/USD sellers keep the reins past-0.7685, an ascending support line from April 01 around 0.7660 holds the gate for the pairs south-run towards the sub-0.7600 area.
AUD/USD four-hour chart
Trend: Bullish
ADDITIONAL IMPORTANT LEVELS
==========
WikiFX, a global leading broker inquiry platform!
Use WikiFX to get free trading strategies, scam alerts, and experts experience!
╔════════════════╗
Android : cutt.ly/Bkn0jKJ
iOS : cutt.ly/ekn0yOC
╚════════════════╝
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.