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Currencies Trading Ideas & Charts

AUD/USD Outlook: Aussie Dollar Falls to Seven-Monthly Low as Investors Rush into Safety

The resistance level can be seen at 0.7462, further uplifted to 0.7476, 0.7513, and 0.7533. While the fresh support level can be seen at 0.7413 & 0.7372 and breakdown further at 0.7339 & 0.7282 and so on.

The RSI (relative strength index) was marked at 39.64.

Bears are exerting pressure on critical levels at 0.7417/13, and a clear break here would confirm the bearish signal and pave the way for a deeper drop.

(Source: Fxstreet)

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

Categories
Currencies Trading Ideas & Charts

AUD/JPY Neutral Weekly Technical Outlook

Daily Candlestick Chart

While there is still a bearish crossover between the 20- and 50-day SMAs, the 200-day counterpart could keep the attention on the upward.

Positive RSI divergence is also present, which could signal a move higher towards the SMAs in the short term.

(Source: Daily FX)

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.