Home AUD/USD Technical Analysis: Dead cat bounce or bull reversal near 0.7000 handle ?

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AUD/USD Technical Analysis: Dead cat bounce or bull reversal near 0.7000 handle ?

FX Street

Updated: 3 May. 2019 | 19:42

AUD/USD daily chart

AUD/USD is trading in a bear trend below its mains simple moving averages (SMAs).

AUD/USD 4-hour chart

AUD/USD is trading above the 0.7000 handle.

AUD/USD 30-minute chart

The Aussie is trading above 0.7010 support and the 100 SMA suggesting bullish momentum in the short-term.
A break above 0.7030 resistance can lead to further gains towards 0.7050 and 0.7070 resistances.
Support is at 0.7010 and 0.6990 level.

Additional key levels

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