KeytoMarkets

AUDUSD: Highly overbought

FX:AUDUSD   澳元/美元
Stiff resistance from 50.0 reaction seems at 0.7885 coincides with 50WMA above this 0.7900 exists (Oct 13 high). The RSI stands at 77. A move above 0.7900 could open to 0.7940. We believe in the near term, the cross offers limited upside risk.
Support finds at 0.7830 and 0.7785.

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