The short term trend of AUD/USD is bullish on charts and price is trading above 200 DMA and 50 DMA on 4 hourly charts with appearance of golden cross.
Resistance level of 0.7260 and Support level of 0.7110
If it breaks its resistance level on the higherside and sustains above it then we can expect it to show further upside movement.
INDICATORS:-
On MACD positive crosse over appeared which indicating the bulliish trend in the pair.
RSI is sustaining in its buying zone at 59.73 on 4 houlry chart indicating the upcoming bullish trend in the pair.
Resistance level of 0.7260 and Support level of 0.7110
If it breaks its resistance level on the higherside and sustains above it then we can expect it to show further upside movement.
INDICATORS:-
On MACD positive crosse over appeared which indicating the bulliish trend in the pair.
RSI is sustaining in its buying zone at 59.73 on 4 houlry chart indicating the upcoming bullish trend in the pair.