AUD/USD technical analysis: Bulls gearing up for a move beyond 0.70 handle.
-The AUD/USD pair climbed to fresh two-week tops on Wednesday and already seems to have found acceptance above 50-day SMA for the first time since April.
-The mentioned hurdle coincided with 38.2% Fibo. level of the 0.7207-0.6831 recent downfall and might now be seen as a key pivotal point for short-term traders.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.