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

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

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

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.