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    AUD/USD eases from intraday high but stays above 100-SMA.

    Abstract:AUD/USD Price Analysis: Bulls eye 0.7280 despite recent pullback
    AUD_USD

      Bullish MACD conditions, firmer RSI keeps buyers hopeful to challenge three-week-old horizontal resistance.

      200-SMA, seven-week-old support line restricts short-term downside.

      AUD/USD bulls take a breather around 0.7235, up 0.21% intraday, following the early Asian session run-up to refresh weekly top. Even so, the quote remains above short-term key SMA during Thursday.

      Not only the sustained break of 100-SMA and a successful rebound from 200-SMA but firmer RSI and MACD also favor AUD/USD buyers.

      That said, a horizontal area comprising multiple levels marked since December 30, near 0.7280, becomes the key hurdle before directing AUD/USD bulls to the monthly peak of 0.7315.

      Meanwhile, pullback moves remain dismal beyond the 100-SMA level of 0.7221, a break of which will highlight the 200-SMA level of 0.7190 for bears to watch.

      It should be noted, however, that the quotes weakness past 0.7190 will be challenged by upward sloping trend lines from December 03 and 20, respectively near 0.7180 and 0.7160.

      To sum up, AUD/USD bulls have the controls but need validation from 0.7280.

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    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
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