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AUD/USD Daily Technical Analysis | 17 November 2017

2017-11-17 08:35 am | Resource: Technical Analysis Section | No Views : 167

Breaking AUD/USD support level 0.7570 during the Asian trading session yesterday addition, the secondary line break uptrend.

AUD/USD Daily Technical Analysis | 17 November 2017

The pair is still trading in a bearish trend SMA 20 is trading in a bearish direction.
RSI 14 to break the uptrend line thus trading in a bearish trend as it is trading below the 50 level.
It is expected that, as long as the Australian currency is trading against the US currency level 0.7570 might target 0.7535 zones while, if the pair breaks the level of 0.7570 could target the level of 0.7622.
Support: 0.7535 - 0.7461- 0.7403
Resistance: 0.7570 - 0.7622 - 0.7711
Trend: neutral


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