TODAY AUDUSD SIGNAL : AUDUSD Price Analysis, Weekly support line defends buyers above 0.7250.


TODAY AUDUSD SIGNAL : AUDUSD grinds higher around six-week top, recently bouncing off intraday low.

  • Short-term key support line, sustained trading above 200-SMA favor buyers.
  • Ascending trend line from late January, early 2022 peak will challenge further upside.
  • MACD portrays buyer’s hesitation but RSI support recovery moves.

TODAY AUDUSD SIGNAL :  AUDUSD remains on the front foot around 0.7270, up 0.18% intraday heading into Wednesday’s European session. In doing so, the Aussie pair floats above a one-week-old rising support line to print a two-day winning streak.

The upside momentum also takes clues from the firmer RSI line and the quote’s ability to stay firmer past 200-SMA.

TODAY AUDUSD SIGNAL : However, an upward sloping resistance line from January 26, near 0.7310, precedes the January 2022 peak of 0.7315 to restrict the short-term upside of the AUDUSD prices.

Following that, a run-up towards the mid-November highs near 0.7370 can’t be ruled out.

Alternatively, a clear downside break of the stated support line, around 0.7260 by the press time, will direct AUDUSD towards the 61.8% Fibonacci retracement of the January 13-28 downturn, near 0.7180.

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