Currency entrenched above the moving averages with periods of 34, 89, 55 and 144, which now are the levels of support to 1.0075/65 and 1.0050/45.MACD histogram is located in the positive zone and 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 1.0150, which would pave the way to a local max 1.0200.
Resistance levels: 1.0150, 1.0200/10
Current Price: 1.0125
Support levels: 1.0075, 1.0050, 1.0010/00
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