- 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
-636766414268461681.png)
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
Share
