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Northbound

AUDUSD TECHS
  • RES 4: 0.7935 High Feb 19, 2018
  • RES 3: 0.7917 High Mar 14, 2018 and a key resistance
  • RES 2: 0.7885 High Mar 15. 2018
  • RES 1: 0.7820 High Jan 6
  • PRICE: 0.7785 @ 06:37 GMT Jan 7
  • SUP 1: 0.7733 Low Jan 6
  • SUP 2: 0.7643 Low Jan 4
  • SUP 3: 0.7603 Low Dec 30
  • SUP 4: 0.7595/57 20-day EMA / Low Dec 28

AUDUSD traded to fresh high once again Wednesday. The pair last week breached resistance at 0.7640, Dec 17 high and a bull trigger. This confirmed a resumption of the uptrend. The break higher this week reinforces bullish conditions by maintaining the bullish price sequence of higher highs and higher lows. The focus is on 0.7885 next, Mar 15, 2018 high. Moving average studies are in a bull mode too. Firm support is at 0.7643, Jan 1 low.

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