Currency is sandwiched between a moving average with period 55 (the resistance level of 1.0070) on the one hand and the middle with periods of 34 and 144 (1.0020/10 level of support) with another, and is currently testing the average with period 89.MACD histogram is located in the negative zone, but above its signal line, continues to gradually rise, and thus sends a signal to buy AUD / USD.
Stochastic Oscillator is in the overbought zone and generates a similar signal as the% K line rises above the% D.
Therefore, as a confirmation of what the forex market in a given currency pair again could intensify bullish sentiment, we can only wait for the breakdown of the resistance level of 1.0075, which will open the path to levels of 1.0125, 1.0150 and 1.0200/10.
Resistance levels: 1.0075, 1.0100, 1.0125, 1.0150, 1.0200/10
Current Price: 1.0050
Support levels: 1.0020, 1.0000, 0.9960/50, 0.9910/00, 0.9870, 0.9850
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