AUD – Australian Dollar Steadily Rising

As seen on the technical charts, the AUD/USD pair shows continued upward movement in the RSI and Stochastics, while the MACD indicator has just broken above its signal line. The AUD is expected to continue its slow upward trend from last week. The 100-day moving average is currently at 0.6475. Major support extends to the 200-day moving average at 0.6380 and 0.6340, followed by the 0.6280 and 0.62 levels. The resistance levels look to 0.66 and the 50-month moving average of 0.6730. Medium-term resistance refers to the high of 0.6942 in September last year, further pointing to the 0.70.

Forecast Range:
Resistance: 0.6600 - 0.6730 - 0.6942 - 0.7000
Support: 0.6475 - 0.6380 - 0.6340 - 0.6280

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