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AUD / USD Daily Technical Analysis | 17 July

2017-07-17 08:58 am | Resource: Technical Analysis | No Views : 185

Daily Technical Analysis of The AUD / USD is showing the pair's analysis and the pair's expectations and the current trend. AUD / USD with support, resistance and technical indicators showing relative strength and ADX.

A pair of AUD/USD opened today's session at 0.7823, with little difference from last week's closing.
Currently, AUD/USD is touching the simple moving average 20, which has confirmed the trend reversal from the upside to the 0.7756 levels: 0.7827, thus recommending daily traders to ease their buying positions.
The RSI 14 shows that the pair's determination turned bearish and that the pair needs correction, and the ADX index indicated a weak bullish trend at the end of last Friday's trading.
If the pair breaks to 0.7791 with negative price behavior, the pair is expected to target 0.7756.
Support: 0.7791, 0.7756, 0.7714
Resistance: 1.2680, 1.2817, 1.2937
Direction: Down

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