29 Apr 2019
AUD/USD Technical Analysis: Bulls look to 200-D SMA from triple bottom support
- The bullish doji left a mark on the 38.2% Fibo with price moving up to prior double support area at 0.7050, (bar the flash-crash spike).
- Bulls can target the 50-D EMA and 50% Fibo where otherwise, the market remains directly offered and a subsequent break of said support will open risk to 0.6908, a prior low (Sep 2015).
- The 200-D SMA guards a break of trend line resistance towards a test of 0.7250/00 area.
