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AUD/USD - AUD/USD Traded Higher Over the Last 3 days - 01/11/2017

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One of the best performing currencies over the last three days was the Australian dollar versus the greenback as it surged more than 1% and currently, is recording the fourth positive day in a row. The AUD/USD pair surpassed the 50-daily SMA and is approaching the bullish crossover on the weekly timeframe between the 50 and 100 SMAs near 0.7440 price level. Moreover, the area within the 0.7500 psychological level and the 0.7520 resistance barrier seem to be significant for the bears as a possible correction to the downside may begin. The RSI indicator is sloping upwards with strong momentum while the MACD oscillator is trying to surge above the zero line.
  • Timeframe : Daily
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