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- RES 4: 0.7732 High Apr 20, 2018
- RES 3: 0.7677 High Jun 6, 2018
- RES 2: 0.7657 2.0% 10-dma envelope
- RES 1: 0.7640 High Dec 17
- PRICE: 0.7585 @ 05:53 GMT Dec 18
- SUP 1: 0.7507 Low Dec 15
- SUP 2: 0.7450 20-day EMA
- SUP 3: 0.7399 Low Dec 8
- SUP 4: 0.7373 Low Dec 7 and key near-term support
AUDUSD traded higher again yesterday further reinforcing a bullish theme. The Dec 2 break of 0.7414, Sep 1 high and former key resistance confirmed a resumption of the uptrend that began Mar 19. Moving average studies are also in a bull mode highlighting current sentiment. The focus is on 0.7677 next, Jun 6, 2018 high. Key near-term support is at 0.7507, Dec 15 low. The 20-day EMA intersects at 0.7450, also a firm area of support.