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16 Mar 2015
AUD/USD: sellers at 0.7730/40 – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, shares the technical outlook and key levels for AUD/USD, explaining that the current price action is mostly corrective and that the pair might see selling interest around 0.7730/40 levels.
Key Quotes
“The Australian dollar advances to fresh daily highs against the greenback, with the pair also presenting a short term bullish tone, as the 1 hour chart shows that the price accelerates above its 20 SMA, whilst the technical indicators extend above their mid-lines.”
“In the 4 hours chart the price is advancing above a flat 20 SMA, although indicators remain in neutral territory, suggesting the upward movement is mostly corrective, with a strong resistance level now in the 0.7730/40 area, where selling interest is expected to resume.”
“Support levels: 0.7640 0.7600 0.7575”
“Resistance levels: 0.7690 0.7735 0.7770”
Key Quotes
“The Australian dollar advances to fresh daily highs against the greenback, with the pair also presenting a short term bullish tone, as the 1 hour chart shows that the price accelerates above its 20 SMA, whilst the technical indicators extend above their mid-lines.”
“In the 4 hours chart the price is advancing above a flat 20 SMA, although indicators remain in neutral territory, suggesting the upward movement is mostly corrective, with a strong resistance level now in the 0.7730/40 area, where selling interest is expected to resume.”
“Support levels: 0.7640 0.7600 0.7575”
“Resistance levels: 0.7690 0.7735 0.7770”