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AUD/USD Technical Analysis: Rolling into the Asian session above the 0.7100 figure

AUD/USD daily chart

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

AUD/USD 4-hour chart

  • AUD/USD is trading above its main SMAs suggesting a bullish bias in the medium-term.

AUD/USD 30-minute chart

  • AUD/USD is trading above its main SMAs suggesting a bullish bias in the short-term.
  • A bullish break above 0.7120 can lead to 0.7140 and 0.7160 resistances.
  • To the downside, support is at 0.7080 and 0.7065 level.

Additional key levels

 

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