Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
AUD/USD holds minor support at 0.7568, weakness on breaks below
Australian Dollar / U.S. Dollar
AUD/USD holds minor support at 0.7568, weakness on breaks below
By FxWirePro
Follow
Follow
Mar 21, 2016
9
Cheer
Cheer
Mar 21, 2016
AUD/USD downside has tested 0.7568, and has edged slightly higher.
0.7568 is minor trendline support for the pair, breaks below could see downside to 0.7545 and then 0.75 levels.
Upside is being capped by 4-hourly 10-DMA at 0.7589, break above 0.76 could see gains upto 0.7650.
Hourly charts show some momentum higher, Stochs show a rollover from oversold and RSI has bounced off from near 30 levels and is biased higher.
Go short only on breaks below 0.7570, SL: 0.7610, TP: 0.7545/0.7530/0.75
aud
AUDUSD
USD
Related publications
AUD/USD rejected at channel top, drop to 0.7587 likely
by FxWirePro
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
.