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AUD/USD: losing upward momentum – FXStreet


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FXStreet (Barcelona) – Valeria Bednarik, Chief Analyst at FXStreet, gives the technical outlook and key levels for AUD/USD.

Key Quotes


“The AUD/USD pair trades within a familiar range this Tuesday, finding buyers on deeps towards the 0.7700 region, but contained blow 0.7780 a strong resistance level.”


“The 1 hour chart shows that the price is advancing towards a bearish 20 SMA, whilst the technical indicators head higher below their mid-lines, suggesting there’s not enough upward momentum to confirm additional advances.”


“In the 4 hours chart, the price is trading between horizontal moving averages, whilst the technical indicators are bouncing from their mid-lines, helping at least, to keep the downside limited.”


“Support levels: 0.7740 0.7700 0.7660”


“Resistance levels: 0.7780 0.7830 0.7880”