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Dec 4, 2015
AUD/USD technicals: 0.7500 on the cards for next week? - 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."
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."