FX.co ★ AUD/USD Update for August 30, 2021 - Major resistance on the test and potential for the drop towards 0.7230

Technical analysis:

AUD/USD has been trading upside last Friday but I see potential for the downside movement due to buying climax in the background.

Trading recommendation:

Watch for selling opportunities with the potential downside target at the price of 0,7230

Stochastic is showing overbought condition intraday and potential for the downside rotation.

Resistance is set at the price of 0,7320