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Bullish Focus Remains Intact

AUDUSD TECHS
  • RES 4: 0.7736 2.0% 10-dma envelope
  • RES 3: 0.7732 High Apr 20, 2018
  • RES 2: 0.7677 High Jun 6, 2018
  • RES 1: 0.7640 High Dec 17 and the bull trigger
  • PRICE: 0.7594 @ 06:51 GMT Dec 29
  • SUP 1: 0.7518 20-day EMA
  • SUP 2: 0.7462 Low Dec 21 and a bear trigger
  • SUP 3: 0.7427 Low Dec 10
  • SUP 4: 0.7395 50-day EMA

AUDUSD is mostly unchanged and maintains a bullish outlook. The pair traded to a fresh trend high of 0.7640 on Dec 17 reinforcing a bullish theme. Moving average studies are in a bull mode and together with a positive price sequence of higher highs and higher lows, reinforce the current bullish theme. The focus is on 0.7677 next, Jun 6, 2018 high. Key support is at 0.7462, a break would alter the short-term picture. 0.7640 is the bull trigger.

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