AUD/USD respects 50-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On Monday, the AUD/USD rate found support in the 0.6440 level and started a recovery. On Tuesday, the recovery encountered resistance in the form of the 50-hour simple moving average. The SMA pushed the rate down.

A decline below the 0.6440 level might look for support at 0.6400 and the weekly S2 simple pivot point at 0.6362. Further below, note the 0.6350 and 0.6300 levels.

On the other hand, a surge of the Australian Dollar against the US Dollar would have to reach above the combination of the 0.6500 level and the 50-hour simple moving average. Higher above, take into account the 100-hour SMA and the 0.6550 level.

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