FX.co ★ AUD/USD

Good day to everyone, dear forum members! On the currency pair AUD/USD, the first northern target of 0.65155 was reached by the Asians today. This was aided by news on inflation in Australia. From the current levels, I expect a small pullback to around 0.64900, and then most likely a continuation to the north, aiming to reach the main northern target of 0.65500. The level there is decent, so I do not exclude the possibility that price may drop back south from it. However, only time will tell. If we break above, it means that the medium-term south loses its strength and we will be preparing for a northern campaign.