Home Market News AUD/USD Price Analysis: 100-DMA challenges the recovery from 2021 lows

AUD/USD Price Analysis: 100-DMA challenges the recovery from 2021 lows

AUD/USD Price Analysis: 100-DMA challenges the recovery from 2021 lows

AUD/USD degrees an wonderful restoration from multi-month lows.The aussie is struggling to recapture 100-DMA as RSI stays bearish.
All eyes continue to be on the NFP statistics amid a quiet Good Friday.
AUD/USD stays on the the front foot for the 1/3 straight session, having recovered Thursday’s sell-off to four-month lows of 0.7531.

The 100-daily transferring common (DMA) at 0.7635 is presenting sturdy resistance to the AUD bulls, as they seem to construct on to the restoration strikes beyond the 0.7600 barrier.

A company spoil above the latter ought to expose the downward-sloping 21-DMA at 0.7685, with the subsequent upside goal aligned at 0.7700.

However, with the relative energy index (RSI) nonetheless trending beneath the midline, the healing is possibly to continue to be short-lived, as the dealers may want to regain control.

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