AUD/USD technicals: 0.7500 on the cards for next week? – FXStreet

By FXStreet FXStreet (Guatemala) – Valeria Bednarik, chief analyst at FXStreet noted that the AUD/USD pair recovered the ground lost last Wednesday and even established a fresh weekly high of 0.7349 this Thursday, having found some support in rising gold prices.

Key Quotes:

“From a technical perspective, the pair continued to find buying interest on dips, in line with the dominant bullish trend and is poised to extend its advance, given that the 4 hours chart shows that the technical indicators have bounced from their mid-lines, and maintain strong bullish slopes, while the price held above a bullish 20 SMA.

The pair has now a strong static resistance around 0.7380, and a weekly close above it should signal a continued advance beyond the 0.75 figure for the next week.”
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Source:: FX Street