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 1.0120, 1.0050, 1.0000 and 0.9980.MACD histogram is located in the positive zone and below its signal line, but once again began to rise gradually, and thus indicates the incremental bullish.
Stochastic Oscillator is in the neutral zone and generates a signal to buy AUD / USD, since 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 1.0200/10, which will pave the way to the local maximum of 1.0250/60.
Recall that this level has already been tested in early January, as well as on 4 February, but was never broken.
Resistance levels: 1.0200/10, 1.0250/60, 1.0300/10
Current Price: 1.0175
Support levels: 1.0150, 1.0125, 1.0100, 1.0075, 1.0050
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