The Pair has been correcting from higher levels. The pair has corrected almost 38.2%. Currently the pair has closed above the Slow EMA. The pair is trading near its support levels.

If the pair is able to close below the support level and the Slow EMA, we can expect the move to be strong on downside. The RSI is also trading near its support level, RSI closing below the Support would be a confirmation to sell side.

ADvice : Sell if the Pair closes below the support level and EMA with RSI closing below the Support Level.

AUD/USD

Apr 16 2022