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AUD/USD Technical Analysis: Bulls look to 200-D SMA from triple bottom support

  • The bullish doji left a mark on the 38.2% Fibo with price moving up to prior double support area at 0.7050, (bar the flash-crash spike).
  • Bulls can target the 50-D EMA and 50% Fibo where otherwise, the market remains directly offered and a subsequent break of said support will open risk to 0.6908, a prior low (Sep 2015).
  • The 200-D  SMA guards a break of trend line resistance towards a test of 0.7250/00 area.  

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