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  • RES 4: 0.7716 High Jun 16
  • RES 3: 0.7630 1.236 proj of the Aug 20 - Sep 3 - Sep 29 price swing
  • RES 2: 0.7599 High Jul 6
  • RES 1: 0.7546/57 Intraday high / 50.0% of the Feb - Aug sell-off
  • PRICE: 0.7500 @ 06:54 BST Oct 21
  • SUP 1: 0.7465/7379 Low Oct 20 / Low Oct 18
  • SUP 2: 0.7351 50-day EMA
  • SUP 3: 0.7288 Low Oct 8
  • SUP 4: 0.7226/7170 Low Oct 6 / Low Sep 29

AUDUSD maintains a firmer short-term tone and has traded to a fresh high once again today. This week's gains have resulted in a break of 0.7478, the Sep 3 high and a bull trigger. The breach of this hurdle strengthens a bullish case and confirms a positive price sequence of higher highs and higher lows - the current bull phase started August 20. Potential is for a rally towards 0.7599, the Jul 6 high. Support has been defined at 0.7465/7379.

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