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Holding On To Its Recent Gains

AUDUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
  • RES 4: 0.6895 High Jul 13 / 14 2023
  • RES 3: 0.6871 High Dec 28 and a key resistance
  • RES 2: 0.6839 High Jan 02
  • RES 1: 0.6799 High Jul 11
  • PRICE: 0.6760 @ 21:11 BST Jul 15
  • SUP 1: 0.6703 20-day EMA
  • SUP 2: 0.6657 50-day EMA
  • SUP 3: 0.6576 Low Jun 10 and a key support
  • SUP 4: 0.6558 Low May 8

AUDUSD bullish conditions remain intact and the pair is holding on to its recent gains. The move higher last week marks an extension of the recent breach of resistance at 0.6714, the May 16 high. The clearance of 0.6714, confirmed a resumption of the bull leg that started Apr 19. Sights are on 0.6839 next, the Jan 2 high. Key short-term support has been defined at 0.6576, the Jun 10 low. Initial firm support is at 0.6703, the 20-day EMA.

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  • RES 4: 0.6895 High Jul 13 / 14 2023
  • RES 3: 0.6871 High Dec 28 and a key resistance
  • RES 2: 0.6839 High Jan 02
  • RES 1: 0.6799 High Jul 11
  • PRICE: 0.6760 @ 21:11 BST Jul 15
  • SUP 1: 0.6703 20-day EMA
  • SUP 2: 0.6657 50-day EMA
  • SUP 3: 0.6576 Low Jun 10 and a key support
  • SUP 4: 0.6558 Low May 8

AUDUSD bullish conditions remain intact and the pair is holding on to its recent gains. The move higher last week marks an extension of the recent breach of resistance at 0.6714, the May 16 high. The clearance of 0.6714, confirmed a resumption of the bull leg that started Apr 19. Sights are on 0.6839 next, the Jan 2 high. Key short-term support has been defined at 0.6576, the Jun 10 low. Initial firm support is at 0.6703, the 20-day EMA.