You can see the uptrend remains, and the exchange rate is consolidated in the field of historical max.Exchange rate still is above the moving averages with periods of 34, 55, 89 and 144, which are directed upward and points to the continued bullish sentiment, as well as the next support levels are 1.0800, 1.0725, 1.0645 and 1.0535.
MACD histogram is located in the positive zone, but below its signal line, continues to gradually decline, and thereby sends a signal to sell AUD / USD.
Stochastic Oscillator is in the neutral zone and generates a similar signal as the% K line falls below the% D.
Therefore, as a confirmation of what the forex market in a given currency pair can amplify the downward correctional movement, we can only wait for the breakdown of the support level of 1.0850, which will open the path to levels of 1.0810/00 and 1.0770.
Resistance levels: 1.09468 (a new historical max), 1.0970, 1.1000/10
Current Price: 1.0909
Support levels: 1.0900, 1.0850/40, 1.0810/00, 1.0770, 1.0750, 1.0725
