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- RES 4: 0.7630 1.236 proj of the Aug 20 - Sep 3 - Sep 29 price swing
- RES 3: 0.7599 High Jul 6
- RES 2: 0.7534 High Jul 7
- RES 1: 0.7507 High Oct 20
- PRICE: 0.7504 @ 15:44 BST Oct 20
- SUP 1: 0.7379 Low Oct 18
- SUP 2: 0.7344 50-day EMA
- SUP 3: 0.7288 Low Oct 8
- SUP 4: 0.7226/7170 Low Oct 6 / Low Sep 29
AUDUSD maintains a firmer short-term tone and the contract traded to a fresh high Wednesday. The pair importantly has traded above resistance at 0.7478, Sep 3 high and a bull trigger. The breach of this hurdle has removed recent bearish considerations and strengthens a bullish case as a positive price sequence of higher highs and higher lows is established. This opens 0.7503 next, the Jul 13 high. Support has been defined at 0.7379.