Bullish Setup on AUDUSD

AUD/USD Intraday Neutral

Pivot point: 0.7763

Resistance level 1: 0.7795 Resistance level 2: 0.7821 Resistance level 3: 0.7853

Support level 1: 0.7737 Support level 2: 0.7704 Support level 3: 0.7678

Aussie slightly advanced in the last trading session and a bullish trend might start if it goes higher again. If the trend turns bearish, then the support level 0.7737 might not hold and causing the pair to fall further to 0.7704. However, if the bullish momentum counters then the first resistance level of 0.7795 may be broken and gains could possibly extend to 0.7821.
Chart PatternsTechnical IndicatorsTrend Analysis

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