TenkoFX - Analytics


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    AUD/USD Current price: 0.7646


    The Aussie is up against the greenback, after meeting buying interest around 0.7600 earlier in the day, still holding above the 23.6% retracement of this year's rally. The Australian dollar is being underpinned by rising commodities, with the spot gold trading around $1,300.00 a troy ounce. As for the pair, a mild positive tone prevails in the short term, as in the 1 hour chart, the price is well above a flat 20 SMA, whilst the technical indicators aim higher within positive territory, but with a limited upward momentum. In the 4 hours chart,  the technical indicators are stuck within neutral territory, also lacking directional strength, but the price is now above its 20 SMA and its 200 EMA, supporting some additional gains on a break above the mentioned resistance. 

    Support levels: 0.7570 0.7540 0.7500

    Resistance levels: 0.7660 0.7700 0.7745


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