- The AUD / USD daily chart is showing signs of bullish fatigue.
- A pullback to the 10-day SMA can be seen.
AUD / USD is moving slightly lower at the start of the European session on Tuesday, around the 0.7520 region, after peaking near 0.7550 earlier in the day.
The long upper wicks on the two daily candles above indicate the exhaustion of the uptrend and add credibility to the reading above the 70 level, or overbought, at the 14-day RSI.
As such, a pullback to the 10-day SMA could be in the offing. The mentioned moving average is currently at 0.7468. A breakout of that level would expose the September 1 high of 0.7413.
Looking up, Monday’s high of 0.7578 is likely to offer resistance.
AUD / USD daily chart
AUD / USD technical levels
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