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AUD/USD Daily Technical Analysis | 13 November 2017

2017-11-13 12:22 pm | Resource: Technical Analysis Section | No Views : 181

AUD/USD broke the rising trend line during the US session on Friday, as sellers pressured the pair and is now retesting the broken trend line.

AUD/USD Daily Technical Analysis | 13 November 2017

The pair is trading in a bearish direction over the hourly frame, and the simple moving average is trading in a bearish trend in the configuration.
RSI 14 is trading in a bearish direction and below the 50 level due to sellers controlling the pair.
It is expected that, if the Australian currency breaks against the US currency level of 0.7649 may target the level of 0.7622 on the other side, if the breach of the level of 0.7661 may target the level of 0.7694.
Support: 0.7622 - 0.7570 - 0.7535
Resistance: 0.7711 - 0.7739 - 0.7784
Trend: Down


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