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AUD/USD Daily Technical Analysis | 16 November 2017

2017-11-16 07:02 am | Resource: Technical Analysis Section | No Views : 151

After AUD/USD rebounded from 0.7570 during the Asian session yesterday morning, the pair continued to rally up to the 0.7622 area and as the pair failed to breach it dropped to 0.7570 again.

AUD/USD Daily Technical Analysis | 16 November 2017

Our neutral view of the pair trading within the range of 0.7608 to the levels of 0.7568 and the trend in general is still down on the hourly interval.
The RSI 14 is still trading in a bearish direction.
It is expected that if the Australian currency crosses against the US currency, the level of 0.7568 might target the 0.7535 areas on the other side, if the pair breached to the level of 0.7608 might target the level of 0.7664.
Support: 0.7570 - 0.7535 - 0.7461
Resistance: 0.7622 - 0.7711 - 0.7739
Trend: neutral

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