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Pressuring Major Resistance

AUDUSD TECHS
  • RES 4: 0.7583 High Jun 14, 2018
  • RES 3: 0.7516 76.4% of 2018-19 downleg
  • RES 2: 0.7484 High Jul 9 and 10, 2018
  • RES 1: 0.7450 High Dec 3
  • PRICE: 0.7441 @ 17:28 GMT Dec 3
  • SUP 1: 0.7339 Low Nov 30
  • SUP 2: 0.7308 20-day EMA
  • SUP 3: 0.7284 Low Nov 24
  • SUP 4: 0.7255 Low Nov 19

AUDUSD has resumed its push higher and has traded above Monday's high of 0.7407 and has also probed the key resistance at 0.7414, Sep 1 high. A bullish outlook remains intact and a clear breach of 0.7414 would confirm a resumption of the uptrend that has been in place since the Mar 19 reversal. This would open 0.7484, a high last seen in July 2018. Key short-term support lies at 0.7339, Nov 30 low.

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