The AUD/USD currency pair ranges in the periodic range level of 0.7610 / 0.7630. Once again, there has been a strong resistance that gives the opportunity for "bears" to return to the market. Currently, the quotation fluctuates near the value of 0.7600, slightly slowing down the movement. It is likely that there will be a temporary fluctuation within 20 points, where the "bears" will try to continue the downward movement towards the recent local minimum of 0.7530.
Key Levels
Resistance - 0.7630 (0.7610 / 0.7630); 0.7730; 0.7870; 0.8000 (+/- 50p); 0.8180.
Support for 0.7500; 0.7370.
Signals
- Buying the pair is recommended after a clear fixation of the price above 0.7640, with the prospect of a move to 0.7700 / 0.7730.
- Selling the pair is recommended after a clear fixation of the price below 0.7590, with the prospect of moving towards 0.7530.
Draw your attention: Predictions are not a direct guide to action!
