Hurdles 200-DMA and turns bullish, eyeing 0.6600

The daily chart portrays the pair as neutral biased, though tilted to the upside, after breaking above the 200-day moving average (DMA) at 0.6579. Further upside is seen at 0.6600, followed by the 50-day moving average (DMA) at 0.6639. Once surpassed, the next stop would be the January 12 cycle high at turned resistance at 0.6728.


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  • AUD/USD gains 0.34% on positive sentiment, defying a negative housing market report impact.
  • Neutral bias with an upside tilt; breach of 200-DMA at 0.6579 may target 0.6600 and 0.6639.
  • Downside risks include 200-DMA at 0.6579 and the January 17 low of 0.6523 before testing 0.6500.

For a bearish resumption, AUD/USD first support would be the 200-DMA at 0.6579, followed by the January 17 daily low of 0.6523. A drop below that level, and sellers could challenge the 0.6500 figure

AUD/USD Price Action – Daily Chart

AUD/USD Technical Levels

 


منبع: https://www.fxstreet.com/news/aud-usd-price-analysis-hurdles-200-dma-and-turns-bullish-eyeing-06600-202401192303

The Australian Dollar (AUD) registers solid gains from the US Dollar (USD) amid an upbeat market mood following the release of an improvement in consumer sentiment and a bad housing market report. At the time of writing, the AUD/USD exchanges hands at 0.6373, gains 0.34%.

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