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Remains Above Support At The 20-Day EMA

AUDUSD TECHS
  • RES 4: 0.7200 Round number resistance
  • RES 3: 0.7137 High Aug 11
  • RES 2: 0.7063 High Jan 18
  • RES 1: 0.7063 High Jan 18 and the bull trigger
  • PRICE: 0.6952 @ 16:25 GMT Jan 20
  • SUP 1: 0.6867 20-day EMA
  • SUP 2: 0.6775 50-day EMA
  • SUP 3: 0.6688 Low Jan 3 and key support
  • SUP 4: 0.6650 Low Dec 22

AUDUSD remains below Wednesday’s high of 0.7063 and the pair traded lower Thursday before stabilising Friday. Short-term weakness is considered corrective - for now. Attention is on support at 0.6867, the 20-day EMA. A break of this average would signal scope for a deeper pullback and potentially open 0.6775, the 50-day EMA. Clearance of 0.7063 is required to confirm a resumption of recent bullish activity.

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