The AUD/USD bulls have returned to the table and are approaching the 0.6700 level as they take up bids to refresh the intraday high near 0.6690 during early Friday.
The AUD/USD rebound is aiming for the area between the 50-HMA and the 100-HMA, which is approximately 0.6700.
However, with sluggish MACD signs, additional upward in the quotation appears challenging.
Alternatively, an upward-sloping support line that has been in place since Tuesday limits the Aussie pair’s immediate downside near 0.6665.
|
Daily SMA20 |
0.6738 |
|
Daily SMA50 |
0.659 |
|
Daily SMA100 |
0.6659 |
|
Daily SMA200 |
0.6885 |
