AUDUSD needs validation of Thursday’s bullish Doji

FX:AUDUSD   Australian Dollar / U.S. Dollar
While justifying Thursday’s bullish Doji candlestick , AUDUSD not only bounces off the yearly bottom but tries to regain above 100-day SMA and a three-week-old horizontal resistance. However, daily closing above 0.7620 becomes necessary for the AUDUSD buyers to eye the 0.7700 threshold. It should, however, be noted that the 50-day SMA level of 0.7730 and January tops close to 0.7720 are extra upside filters that stand ready to test the bulls ahead of directing them to the multi-month top marked February around 0.8000.

Meanwhile, a daily closing below 0.7560 should recall the AUDUSD bears targeting December 21, 2020 low near 0.7460. However, the 0.7500 round-figure can offer an intermediate halt during the fall. Also, tops marked during early December 2020, near 0.7450 offer extra supports to test the sellers.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out