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AUD/USD Technical Analysis: Aussie bulls parked below 0.7135 key resistance

AUD/USD daily chart

  • AUD/USD is trading in a bear trend below its 200-day simple moving averages (SMA). 


AUD/USD 4-hour chart

  • AUD/USD is trading above its main SMAs suggesting a bullish bias in the medium-term.


AUD/USD 30-minute chart

  • AUD/USD is trading above its mains SMAs suggesting a bullish bias in the short-term.
  • 0.7135 is the key level to beat for Aussie bulls. A break above it can see an extension to 0.7150 level.
  • Supports are seen at 0.7105 and 0.7090 level.

Additional key levels

 

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