Free Trial

Resumes Its Uptrend

AUDUSD TECHS
  • RES 4: 0.7716 High Jun 16 2021
  • RES 3: 0.7653 2.0% 10-dma envelope
  • RES 2: 0.7645 High Jun 17 2021
  • RES 1: 0.7617/27 High Jun 25 / 2.0% Upper Bollinger Band
  • PRICE: 0.7613 @ 06:50 BST Apr 5
  • SUP 1: 0.7536 Intraday low
  • SUP 2: 0.7457 Low Mar 29 and a key support
  • SUP 3: 0.7426/7376 20-day EMA / Low Mar 22
  • SUP 4: 0.7329 50-day EMA

AUDUSD is trading higher today and has confirmed a resumption of its uptrend. The break higher confirms a bull flag breakout and price has also cleared resistance at 0.7556, the Oct 28 2021 high. The Aussie has also traded thriugh the Jul 6 2021 high of 0.7599 and probed 0.7610, 61.8% of the Feb ‘21 - Jan ‘22 downleg. The next objective is 0.7645, the Jun 17 2021 high. Key support has been defined at 0.7457, the Mar 29 low.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.