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10:57, 19 апреля

AUDUSD Daily Analysis

The AUDUSD pair traded higher in the previous session and settled at 0.7784, after hitting a high at 0.7798. A positive centerline crossover by the daily MACD, coupled with the stochastic indicator placed in its overbought territory, hints the presence of bullish momentum in the pair. Moreover, a signal line crossover from below by the 8H MACD, accompanied by the 4H RSI and stochastic indicators sharply moving upwards, further confirms the above outlook. Important resistance is aligned at the 0.7839/40 level, followed by the 0.7868/70 and 0.7901/05 levels. A break above the latter might trigger further acceleration to the upside. However, an 8H upper Bollinger band crossover suggests at possible correction over intraday bias. Key support is situated at the 50day SMA (currently placed at 0.7777/75), followed by the 8H lower Bollinger band (currently trading at 0.7740) and the 0.7700 level. A breach below the latter might lead to negative momentum in the pair.