The RSI is attempting to interrupt line 50, along with the CCI above 100, indicating that the uptrend could prevail
The worth is above MA(10), and MA(15) tends to cross, which can be appropriate for opening lengthy orders.
What the doable outcomes are
Australian shopper sentiment rebounded in July, giving some assist to AUDUSD, after the pair’s sharp decline upon U.S. CPI excessive numbers.
AUDUSD could rise in direction of the primary resistance degree of 0.74766. If the pair can advance past the primary resistance degree, then the subsequent logical transfer is to the second resistance degree of 0.75045.
Alternatively, the AUDUSD could decline in direction of the primary assist degree of 0.74391. If the worth drops under that degree, we are able to count on a continued downtrend in direction of the second assist degree of 0.74089.
Help 0.74391 0.74089
Resistance 0.74766 0.75045