Technical Analysis: AUD/USD

The pair reached the 50-Day SMA by 1.0480. Breaking above this level would confirm the upside rally ahead of the...

The pair reached the 50-Day SMA by 1.0480. Breaking above this level would confirm the upside rally ahead of the 1.0855 resistance. Otherwise, we could see a setback towards the 200-Day SMA by 1.0360 or lower towards the 1.0225 support, with a break below to aim the pair for testing parity.

Edward Smith, technical analyst of company Admiral Markets.

At any use of the analytical material taken from a site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for a dealing centre «Admiral Markets», the reference to a company site is obligatory.

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