Overview:
- According to the previous events, the AUD/USD pair has still moved between the level 0.7552 and 0.7365.
- Strong resistance is seen at the level of 0.7552, providing a clear signal for sell deals with a target at 0.7367 in order to test the double bottom. Stop-loss is to be placed above 0.7583.
- Strong support is expected to be found at the level of 0.7367, providing a clear signal for buy deals with targets seen at 0.7457 and 0.7550. Stop-loss is to be placed below the double bottom at the level of 0.7330.
Observations:
- The weekly resistance is seen 0.7552. Also, the double top will be formed at 0.7566.
- The weekly support is seen at 0.7367. Also, the double bottom will set at the same level.
- The previous range was 68 pips. TTherefore, we expect a range about 90 pips today. Additionaly, it should be noted that risk of 60 pips could result in a profit of 90 pips.
