AUDUSD - Bottom out
2019-10-31 19:34:47
AUDUSD (D) - medium term bullish bias
After treading water near the daily support level of 0.6680 the Australian dollar has bottomed out and is aiming at the July high of 0.7070. The RSI divergence indicated a brake in the sell-off. Then the rally lifted offers at key resistance levels of 0.6800 and 0.6880 and turned the sentiment around in the process. The latest surge was accompanied by a bullish MA cross, as a confirmation that buyers have taken control of the price action.
Key support: 0.6810
Key resistance: 0.7000