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AUD/USD Daily Technical Analysis | 9 February 2018

2018-02-09 08:55 am | Resource: Technical Analysis Section | No Views : 311

AUD/USD continued to decline during yesterday's trading and ended yesterday at the 0.7817 support area and with the opening of the Asian session, the support area broke but without confirmation.
 
AUD/USD Daily Technical Analysis | 9 February 2018

Our neutral view of the pair until the break or break through the bearish trend and the simple moving average 20 is a bearish sign.
The RSI 14 is trading in a sideways direction since yesterday morning as a result of the weakness of both sellers and buyers.
It is expected that if the pair breaks against the US currency 0.7758 might target levels of 0.7784, while in case of breach of the pair level of 0.7808 may target the level of 0.7935.
Support: 0.7817- 0.7784 - 0.7739
Resistance: 0.7889 - 0.7968- 0.8034
Trend: Down


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