AUDUSD Bounce off Cloud base Support
Recovery attempts in the pair on Tuesday were capped at 21-EMA resistance
Momentum is with the bears, RSI is below the 50 mark and biased lower
Price action is within the daily cloud and Chikou span is biased lower
The pair is currently holding support at 5-DMA
Momentum is with the bears, RSI is below the 50 mark and biased lower
Price action is within the daily cloud and Chikou span is biased lower
The pair is currently holding support at 5-DMA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.