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AUD/USD Daily Technical Analysis | 8 November 2017

2017-11-08 05:02 am | Resource: Technical Analysis Section | No Views : 173

AUD/USD broke the bullish trend line on the hourly interval during the trading session and currently, the upper trend line is in the process of forming, and the pair breached the simple moving average due to bull pressure today.

AUD/USD Daily Technical Analysis | 8 November 2017

RSI 14 is trading in a bullish direction after breaching the bearish trend line during yesterday's trading.
It is expected that if AUD crosses against USD the level of 0.7653 might target the level of 0.7699 on the other side, if the pair breaks to the level of 0.7626 may target the level of 0.7570.
Support: 0.7622 - 0.7570 - 0.7535
Resistance: 0.7711 - 0.7739 - 0.7784
Trend: Up


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