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AUDUSD rebound ?


The negative trading controlled the AUDUSD atmosphere. The pair declined from the resistance line of 0.7810, forming eight losing daily sessions in the last nine.

Technical Comment: Aussie is trading today below the support area 0.7470-0.7450. A positive price divergence between price bottoms and MACD bottoms may push prices to break above the bearish trend line to see the levels of 0.7475 - 0.7615.

Comment on the Previous Analysis: broke above 0.7575-0.7545

Expected Daily Trend: Bullish above 0.7575 - 0.7545.


Important Levels:

Support: 0.7475 - 0.7545 - 0.7500

Resistance: 0.7575 - 0.7615 - 0.7665

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