AUD/USD
The Australian dollar - U. S. Dollar pair, as well as the ounce of gold, once again is very strong, The aussie is trading at level 1.0772 and continuous the movement within the range of 200 pips, as it is evident in the yellow box. It provides the signs that the trend is likely to change and acquire the greater intensity.
As it is indicated on the chart, the Australian dollar is in the stage of stagnation though we believe that it will remain there for a short time. Therefore, we recommend sell-deals around the weekly R_1 at 1.0800 level. In case of a pullback sell-deals on weekly R_2 1.0920 with targets seen at the support level 1.0484 are recommended.
On the other hand, the range indicator is providing the overbuy signals.
