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News: Earn your money online safely here at eMoneySpace. Sep 22, 2020 01:00 AM




AUD/USD Price Analysis: Bounces up From 50-day SMA
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Author Topic: AUD/USD Price Analysis: Bounces up From 50-day SMA  (Read 4 times)
rogarfx
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Today at 12:53 AM


  • AUD/USD defends the 50-day SMA support at 0.7199.
  • The bias remains bearish as RSI holds below 50.

AUD/USD is currently trading unchanged on the day at 0.7220, having found bids just below the 50-day simple moving average (SMA) of 0.7199 early Tuesday.

While the average support has been defended, the bias remains bearish, as the 14-day relative strength index is still hovering below 50.

Acceptance under the Sept. 9 low of 0.7192 would validate the bearish lower high of 0.7345 created on Sept. 16 and likely yield a deeper decline to 0.70.

As per, TopAsiaFX.com, A daily close above the lower high of 0.7345 is needed to put the bulls back into the driverís seat.

AUD/USD Price Analysis

Trend: Bearish

Technical levels

Today last price 0.7220
Today daily change -0.0004
Today daily change % -0.06
Today daily open 0.7223

Trends

Daily SMA20 0.7287
Daily SMA50 0.7196
Daily SMA100 0.6982
Daily SMA200 0.677
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