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Resumes Its Uptrend

AUDUSD TECHS
  • RES 4: 0.7813 High Apr 19, 2018
  • RES 3: 0.7741 2.0% 10-dma envelope
  • RES 2: 0.7732 High Apr 20, 2018
  • RES 1: 0.7686 IHigh Dec 30
  • PRICE: 0.7678 @ 19:41 GMT Dec 30
  • SUP 1: 0.7557 Low Dec 28
  • SUP 2: 0.7517 Low Dec 22
  • SUP 3: 0.7462 Low Dec 21 and a bear trigger
  • SUP 4: 0.7427 Low Dec 10

AUDUSD was firmer again Wednesday. The pair has breached recent resistance at 0.7640, Dec 17 high and the bull trigger. This confirms a resumption of the uptrend and opens 0.7732 next, Apr 20, 2018 high. The break higher also reinforces underlying bullish conditions and maintains the bullish price sequence of higher highs and higher lows. Moving average studies are in a bull mode too. Firm support is at 0.7557, Dec 28 low.

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