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AUD/USD Daily Technical Analysis | 5 February 2018

2018-02-05 10:47 am | Resource: Technical Analysis Section | No Views : 298

During Friday's trading, AUD/USD broke the 0.7968 level on the hourly frame as a result of sellers' pressure on the pair.

AUD/USD Daily Technical Analysis | 5 February 2018

It is trading in a minor descending trend in the configuration and the simple moving average 20 is a bearish sign.
RSI 14 is trading in a minor upside direction while it is trading in a bearish direction in secondary formation (we do not recommend trading until the technical indicators are in line with the movement)
It is expected that, in case of a breach of the Australian currency against the US currency 0.7923 may target levels of 0.8040, while in the case of break the pair level of 0.7889 may target the level of 0.0.7817.
Support: 0.7889 - 0.7817- 0.7784
Resistance: 0.7968- 0.8034 - 0.8123
Trend: Down

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