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  • The Aussie dollar is shining bright in Asia on upbeat Aussie trade surplus number and China stimulus talks.
  • The AUD/USD is currently trading at a session high of 0.7130, having picked up a bid at 0.7071 earlier today.
  • The daily chart shows a bullish divergence of the relative strength index (RSI), stochastic. As a result, the pair looks set to test the resistance of the trendline connecting January highs and June highs. At press time, the trendline hurdle is located at 0.7154.
  • A break above the falling trendline would confirm a bearish-to-bullish trend change and open up upside toward the 100-day EMA, currently located at 0.7269.
  • A daily close below 0.7085 (Sept. 11 low) would weaken the bullish pressure.

Daily Chart

Trend: Bullish

AUD/USD

Overview:
       Last Price:  0.7131
       Daily change:  58  pips
       Daily change:  0.820%
       Daily Open:  0.7073
Trends:
       Daily SMA20:  0.7092
       Daily SMA50:  0.7169
       Daily SMA100:  0.7277
       Daily SMA200:  0.7499
Levels:
       Daily High:  0.7109
       Daily Low:  0.7068
       Weekly High:  0.7128
       Weekly Low:  0.702
       Monthly High:  0.724
       Monthly Low:  0.702
       Daily Fibonacci 38.2%:  0.7084
       Daily Fibonacci 61.8%:  0.7093
       Daily Pivot Point S1:  0.7058
       Daily Pivot Point S2:  0.7042
       Daily Pivot Point S3:  0.7017
       Daily Pivot Point R1:  0.7099
       Daily Pivot Point R2:  0.7124
       Daily Pivot Point R3:  0.714