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USD/AUD Daily Technical Analysis | 9 November 2017

2017-11-09 08:38 am | Resource: Technical Analysis Section | No Views : 149

AUD/USD rebounded from 0.7636 to 0.7681 and the pair failed to breach and was unable to break the bearish trend line and fell to break the secondary uptrend line.

USD/AUD Daily Technical Analysis | 9 November 2017

Currently, the pair is trading in a bearish direction over the hourly interval, and the pair has broken the simple moving average.
RSI 14 is trading in a bearish direction as it broke the secondary bullish trend line during yesterday's trading session.
It is expected that if the Australian currency crosses against the US currency the level of 0.7666 might target the level of 0.7622 on the other side, if the pair breached to the level of 0.7684 may target the level of 0.7720.
Support: 0.7622 - 0.7570 - 0.7535
Resistance: 0.7711 - 0.7739 - 0.7784
Trend: Down


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