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Trades Through The 50-Day EMA

AUDUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
  • RES 4: 0.6668 High Mar 8
  • RES 3: 0.6644 High Apr 9 and a key resistance
  • RES 2: 0.6617 50.0% retracement of the Dec 28 - Apr 19 bear leg
  • RES 1: 0.6557 38.2% retracement of the Dec 28 - Apr 19 bear leg
  • PRICE: 0.6529 @ 17:28 BST Apr 26
  • SUP 1: 0.6441/6363 Low Apr 23 / 19 and the bear trigger
  • SUP 2: 0.6339 Low Nov 10 and a key support
  • SUP 3: 0.6315 Low Oct 31 ‘23
  • SUP 4: 0.6270 Low Oct 26 ‘23 and a key support

AUDUSD maintains last week’s bullish phase and the pair is trading closer to its recent highs. Resistance at 0.6526, the 50-day EMA, has been breached and a clear break would highlight a stronger reversal and signal scope for a cimb towards 0.6644, the Apr 9 high. A bearish trend theme remains intact and a reversal lower would refocus attention on 0.6363, the Apr 19 low and a bear trigger. Clearance of this support would resume the downtrend.

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  • RES 4: 0.6668 High Mar 8
  • RES 3: 0.6644 High Apr 9 and a key resistance
  • RES 2: 0.6617 50.0% retracement of the Dec 28 - Apr 19 bear leg
  • RES 1: 0.6557 38.2% retracement of the Dec 28 - Apr 19 bear leg
  • PRICE: 0.6529 @ 17:28 BST Apr 26
  • SUP 1: 0.6441/6363 Low Apr 23 / 19 and the bear trigger
  • SUP 2: 0.6339 Low Nov 10 and a key support
  • SUP 3: 0.6315 Low Oct 31 ‘23
  • SUP 4: 0.6270 Low Oct 26 ‘23 and a key support

AUDUSD maintains last week’s bullish phase and the pair is trading closer to its recent highs. Resistance at 0.6526, the 50-day EMA, has been breached and a clear break would highlight a stronger reversal and signal scope for a cimb towards 0.6644, the Apr 9 high. A bearish trend theme remains intact and a reversal lower would refocus attention on 0.6363, the Apr 19 low and a bear trigger. Clearance of this support would resume the downtrend.