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AUD/USD Daily Technical Analysis | 7 November 2017

2017-11-07 09:55 am | Resource: Technical Analysis Section | No Views : 173

AUD/USD breached the bearish trend line during the European session yesterday as buyers pressured the pair to confirm that the trend has broken through 0.7651 and the SMA 20 is trading in a bullish direction over the hourly interval.

AUD/USD Daily Technical Analysis | 7 November 2017

Momentum RSI 14 is trading in a bullish direction and is currently approaching the 70 level.
It is expected that if AUD crosses against USD the level of 0.7693 might target the level of 0.7728 on the other side, if the pair breaks to the level of 0.768 might target the level of 0.7645.
Support: 0.7622 - 0.7570 - 0.7535
Resistance: 0.7711 - 0.7739 - 0.7784
Trend: Up
AUD rate is released today, which is expected to be released from the 1.5% level as before without any change, please be cautious during trading.


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