Bulls holding in for advances to 0.8850 - FXStreet

FXStreet (Barcelona) - Valeria Bednarik, chief analyst at FXStreet explained that the AUD/USD advanced late US afternoon, holding near the daily high of 0.8833 having established there a fresh monthly high.

Key Quotes:

“In the 4 hours chart indicators present a clear upward momentum above their midlines while price extends above a flat 20 SMA”.

“Further advances above 0.8850 should lead to an approach of the 0.89 level, as long as 0.8770 contains retracements”.

“Support levels: 0.8800 0.8770 0.8740”.

“Resistance levels: 0.8850 0.8890 0.8920”.