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AUDUSD TECHS

Remains Above Support At The 20-Day EMA

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Uptrend Extends

AUDUSD TECHS
  • RES 4: 0.6956 High Aug 30
  • RES 3: 0.6909 76.4% retracement of the Aug 11 - Oct 13 downleg
  • RES 2: 0.6800 Round number resistance
  • RES 1: 0.6797 High Nov 15
  • PRICE: 0.6777 @ 16:10 GMT Nov 15
  • SUP 1: 0.6578 Low Nov 11
  • SUP 2: 0.6529/0.6482 50-day EMA / 20-day EMA
  • SUP 3: 0.6387 Low Nov 10
  • SUP 4: 0.6272 Low Nov 3 and a key support

AUDUSD remains firm and continues to climb. This strengthens and reinforces current bullish conditions and signals scope for an extension of the rally that started mid-October. The pair has topped 0.6768, 61.8% of the Aug 11 - Oct 13 downleg. The break here opens the 0.6800 handle. Firm short-term support has been defined at 0.6387, last Thursday’s low. Initial support lies at 0.6578, the Nov 11 low.

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  • RES 4: 0.6956 High Aug 30
  • RES 3: 0.6909 76.4% retracement of the Aug 11 - Oct 13 downleg
  • RES 2: 0.6800 Round number resistance
  • RES 1: 0.6797 High Nov 15
  • PRICE: 0.6777 @ 16:10 GMT Nov 15
  • SUP 1: 0.6578 Low Nov 11
  • SUP 2: 0.6529/0.6482 50-day EMA / 20-day EMA
  • SUP 3: 0.6387 Low Nov 10
  • SUP 4: 0.6272 Low Nov 3 and a key support

AUDUSD remains firm and continues to climb. This strengthens and reinforces current bullish conditions and signals scope for an extension of the rally that started mid-October. The pair has topped 0.6768, 61.8% of the Aug 11 - Oct 13 downleg. The break here opens the 0.6800 handle. Firm short-term support has been defined at 0.6387, last Thursday’s low. Initial support lies at 0.6578, the Nov 11 low.