HomeContributorsTechnical AnalysisTechnical Outlook: AUDUSD – Limited Recovery Despite Bullish Signal

Technical Outlook: AUDUSD – Limited Recovery Despite Bullish Signal

The Aussie dollar ticked higher today following positive close on Tuesday which formed bullish outside day but so far without stronger attempts higher.

Extended daily tech signal recovery, with upside attempts being so far capped under falling 10SMA (0.7601).

Break here is needed to signal further recovery which could extend towards descending 20SMA (0.7637).

Otherwise, expect immediate focus to remain at the downside, with sustained break below weekly 100SMA (0.7544) needed to generate signal of bearish continuation.

Res: 0.7601, 0.7612, 0.7637, 0.7665
Sup: 0.7544, 0.7530, 0.7516, 0.7475

Windsor Brokers Ltd
Windsor Brokers Ltdhttp://www.windsorbrokers.com/
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.

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