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AUD/USD Daily Technical Analysis | 14 November 2017

2017-11-14 08:00 am | Resource: Technical Analysis Section | No Views : 147

AUD/USD is trading in a bearish direction on the hourly interval as a result of trading below the broken bullish trend line. During today's Asian session, the bulls managed to push the pair higher at 0.7622.

AUD/USD Daily Technical Analysis | 14 November 2017

The RSI 14 is still trading in a bearish direction and is currently approaching the 50 level level after it failed to continue below the 30 level, indicating the weakness of the current sellers.
It is expected that if the Australian currency crosses against the US currency, the level of 0.7622 might target the level of 0.7570 on the other side, if the breach of the pair to the level of 0.7637 may target the level of 0.7673.
Support: 0.7622 - 0.7570 - 0.7535
Resistance: 0.7711 - 0.7739 - 0.7784
Trend: Down


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