AUDUSD continues to rise nicely after breaking out of our major resistance-turned-support level at 0.7844. A further rise could occur pushing price all the way up to 0.7902 resistance (Fibonacci retracement, horizontal overlap resistance). Our 1st major support would be 0.7844 (Fibonacci retracement, horizontal overlap support) with our next support at 0.7818.
RSI (34) has made a bullish exit and we can see intermediate ascending support holding price up really nicely.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results