AUD/USD rises to test 100-day SMA

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Córdoba) - AUD/USD picked up momentum and rose to fresh daily highs, reversing more than half of yesterday’s losses.

    AUD/USD bounced from lows and climbed nearly 70 pips over the last hours to test the 100-day SMA at 0.7183 in recent dealings. Still capped by that level, AUD/USD is currently trading at 0.7180, up 0.74% on the day.

    AUD/USD levels to watch

    As for technical levels, if AUD/USD breaks above 0.7183 (100-day SMA), next resistances are seen at 0.7200 (50-day SMA/psychological level) and then 0.7245 (Dec 17 high). On the other hand, supports could be faced at 0.7111 (Dec 18 low), 0.7095 (Dec 17 low) and 0.7068 (Nov 18 low).
    For more information, read our latest forex news.

Share This Page

free forex signals