AUD/USD Technical Analysis: Dead cat bounce or bull reversal near 0.7000 handle ?

AUD/USD daily chart

  • AUD/USD is trading in a bear trend below its mains simple moving averages (SMAs). 


AUD/USD 4-hour chart

  • AUD/USD is trading above the 0.7000 handle.

AUD/USD 30-minute chart

  • The Aussie is trading above 0.7010 support and the 100 SMA suggesting bullish momentum in the short-term.
  • A break above 0.7030 resistance can lead to further gains towards 0.7050 and 0.7070 resistances. 
  • Support is at 0.7010 and 0.6990 level.

Additional key levels

 

USD/CAD finds support near 1.34, looks to post small weekly losses

The USD/CAD spiked to a daily high of 1.3486 in the early NA session with the knee-jerk reaction to the U.S. April jobs report. However, the pair fail
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