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AUD/USD Daily Technical Analysis | 10 November 2017

2017-11-10 05:51 am | Resource: Technical Analysis Section | No Views : 179

Our view of AUD/USD is neutral as the pair is trading between 0.7651 and 0.7680 and is still trading in a bearish direction over the hourly interval.

AUD/USD Daily Technical Analysis | 10 November 2017

The pair is a simple moving average, overlapping with the movement of the pair, which is trading above and below, making it neutral.
RSI 14 is trading in a generally bearish direction on the 60-minute time frame and currently we are looking at it neutrally due to trading around the 50 area.
It is expected that if the Australian currency crosses against the US currency the level of 0.7663 might target the level of 0.7651 first and then the level of 0.7622 on the other side, if the breach of the pair to the level of 0.7691 may target the level of 0.7729.
Support: 0.7622 - 0.7570 - 0.7535
Resistance: 0.7711 - 0.7739 - 0.7784
Trend: neutral


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