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AUD/USD Daily Technical Analysis | 30 January 2018

2018-01-30 06:37 am | Resource: Technical Analysis Section | No Views : 285

Yesterday, the AUD/USD failed to breach the 0.8123 area, which led to a break of the bullish trend line during yesterday's Asian trading session as a result of bull weakness and loss of momentum over the hourly interval.

AUD/USD Daily Technical Analysis | 30 January 2018

It should be noted that the break that occurred even though our uncertainty is therefore neutral to the pair's trading, and the SMA 20 is neutral.
RSI 14 is still trading in a sideways direction due to a break of the lower or upper leg of a classic symmetrical triangle pattern.
It is expected that, if the pair breaks against the US currency 0.8077 may target levels of 0.8020 on the other side, if the breach of the pair level of 0.8105 may target the level of 0.8182.
Support: 0.8034 - 0.7968 - 0.7889
Resistance: 0.8123- 0.8182- 0.8221
Trend: neutral


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