AUD/USD PRICE ANALYSIS: GRAVESTONE DOJI, 200-DMA PRODS BOUNCE OFF 0.6660 SUPPORT I
- AUD/USD ignores the previous day’s bearish candlestick to pare weekly losses.
- Repeated failures to cross 200-DMA, steady RSI tease sellers.
- Previous resistance line from early February acts as the last defense of Aussie pair buyers.
AUD/USD picks up bids to refresh intraday high near 0.6690 during early Friday morning. In doing so, the Aussie pair consolidates the weekly losses while bouncing off a two-week-old ascending support line.
As the quote’s latest rebound gains support from the bullish MACD signals, further upside towards the 200-DMA hurdle surrounding 0.6760 can’t be ruled out.
However, Thursday’s “Gravestone Doji” candlestick joins steady RSI (14) to challenge the AUD/USD buyers afterward.
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