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AUD/USD Daily Technical Analysis | 6 February 2018

2018-02-06 07:45 am | Resource: Technical Analysis Section | No Views : 316

AUD/USD failed to breach the 0.7955 area on the 60-minute interval during the European session, and the US session ended yesterday, breaking the support area of ​​0.7889.

AUD/USD Daily Technical Analysis | 6 February 2018

The pair is still trading in a minor bearish direction in the configuration and the simple moving average 20 is a bearish sign.
RSI 14 broke the bullish trend line during the trading session and is still trading in a major and minor downside.
It is expected that if the pair breaks against the US currency 0.7855 might target 0.7784 levels on the other side, if the breach of the pair level of 0.7889 may target the level of 0.0.7968.
Support: 0.7817- 0.7784 - 0.7739
Resistance: 0.7889 - 0.7968- 0.8034
Trend: Down

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