January 09, 2023 20:30 GMT
Clears Key Resistance
AUDUSD TECHS
- RES 4: 0.7137 High Aug 11
- RES 3: 0.7059 2.236 proj of the Oct 13 - 27 - Nov 3 price swing
- RES 2: 0.7009 High Aug 26
- RES 1: 0.6976 2.00 proj of the Oct 13 - 27 - Nov 3 price swing
- PRICE: 0.6945 @ 16:04 GMT Jan 9
- SUP 1: 0.6871 Intraday low
- SUP 2: 0.6760 20-day EMA
- SUP 3: 0.6688 Low Jan 3 and key support
- SUP 4: 0.6650 Low Dec 22
AUDUSD traded higher Monday, extending Friday’s rally. The pair has cleared key resistance at 0.6893, Dec 13 high and this confirms a resumption of the uptrend that started on Oct 13. The break higher maintains the bullish price sequence of higher highs and higher lows and moving average studies remain in a bull mode position. Gains open 0.6976 next, a Fibonacci projection. Key short-term support has been defined at 0.6688, the Jan 3 low.
148 words