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AUDUSD TECHS: Key Resistance Levels Remains Intact For Now

AUDUSD TECHS
USForeign Exchange Technical AnalysisAPACAustraliaBulletMarketsForeign Exchange BulletsNorth America
  • RES 4: 0.6429 High Dec 12 
  • RES 3: 0.6384 High Dec 13               
  • RES 2: 0.6331 High Jan 24 and a key resistance   
  • RES 1: 0.6300/09 50-day EMA / High Feb 12 
  • PRICE: 0.6282 @ 07:55 GMT Feb 13 
  • SUP 1: 0.6171/6088 Low Feb 4 / 3
  • SUP 3: 0.6045 1.500 proj of the Sep 30 - Nov 6 - 7 price swing
  • SUP 3: 0.6000 Round number support
  • SUP 4: 0.5931 1.764 proj of the Sep 30 - Nov 6 - 7 price swing

AUDUSD is unchanged and continues to trade in a tight range. Despite recent gains, the trend structure remains bearish. Key resistance is at 0.6300 (pierced), the 50-day EMA, and 0.6331, the Jan 24 high. A clear break of both levels is required to highlight a stronger reversal. On the downside, a resumption of weakness would refocus attention on 0.6088, the Feb 3 low, and the bear trigger.

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  • RES 4: 0.6429 High Dec 12 
  • RES 3: 0.6384 High Dec 13               
  • RES 2: 0.6331 High Jan 24 and a key resistance   
  • RES 1: 0.6300/09 50-day EMA / High Feb 12 
  • PRICE: 0.6282 @ 07:55 GMT Feb 13 
  • SUP 1: 0.6171/6088 Low Feb 4 / 3
  • SUP 3: 0.6045 1.500 proj of the Sep 30 - Nov 6 - 7 price swing
  • SUP 3: 0.6000 Round number support
  • SUP 4: 0.5931 1.764 proj of the Sep 30 - Nov 6 - 7 price swing

AUDUSD is unchanged and continues to trade in a tight range. Despite recent gains, the trend structure remains bearish. Key resistance is at 0.6300 (pierced), the 50-day EMA, and 0.6331, the Jan 24 high. A clear break of both levels is required to highlight a stronger reversal. On the downside, a resumption of weakness would refocus attention on 0.6088, the Feb 3 low, and the bear trigger.