Technical Analysis Of AUD/USD
The AUD/USD pair has shown up at a high of 0.7484 from July 2018, yet the continually Relative Strength Index (RSI) has not demanded the new high. Notwithstanding, Karen Jones, Head of Commerzbank's Technical Analysis Research Team, remains bullish as the Aussie trades over the 20-day moving customary at 0.7366 and focuses on the twofold Fibonacci impediment at 0.7574/0.7639. "AUD/USD stays offering to pay small admonition to every little development thus RSI not guaranteeing the driving high. The Australian hit the most brought inspiration driving 0.7484 up in July 2018 and should close above here to go to another higher leg. " "The pair remains immediately offered rapidly, as long considering over the 20-day moving typical at 0.7366." "We look for a move towards the drawn-out Fibonacci retracements at 0.7574 and 0.7639. These are the more expanded term break focuses for the 2018 high at 0.8135 ". "Underneath the 20-day moving standard is