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AUDUSD TECHS
  • RES 4: 0.7137 High Aug 11
  • RES 3: 0.7059 2.236 proj of the Oct 13 - 27 - Nov 3 price swing
  • RES 2: 0.7009 High Aug 26
  • RES 1: 0.6976 2.00 proj of the Oct 13 - 27 - Nov 3 price swing
  • PRICE: 0.6901 @ 06:55 GMT Jan 10
  • SUP 1: 0.6871 Low Jan 9
  • SUP 2: 0.6775 20-day EMA
  • SUP 3: 0.6688 Low Jan 3 and key support
  • SUP 4: 0.6650 Low Dec 22

AUDUSD traded higher Monday, extending Friday’s rally to reinforce the current bullish condition. The pair has cleared 0.6893, Dec 13 high and this confirms a resumption of the uptrend that started Oct 13. The break higher maintains the bullish price sequence of higher highs and higher lows and moving average studies are in a bull mode position. Gains open 0.6976 next, a Fibonacci projection. Key support has been defined at 0.6688, Jan 3 low.

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