AUDUSD – limited recovery despite bullish signal
The Aussie dollar ticked higher today following positive close on Tuesday which formed bullish outside day but so far without stronger attempts higher.
Extended daily tech signal recovery, with upside attempts being so far capped under falling 10SMA (0.7601).
Break here is needed to signal further recovery which could extend towards descending 20SMA (0.7637).
Otherwise, expect immediate focus to remain at the downside, with sustained break below weekly 100SMA (0.7544) needed to generate signal of bearish continuation.
Res: 0.7601; 0.7612; 0.7637; 0.7665
Sup: 0.7544; 0.7530; 0.7516; 0.7475