FX.co ★ AUD/USD

Hello traders, The price of AUDUSD continues to be held in a narrow range between the levels of 0.6600 and 0.6630. While it remains between these levels, it is difficult to find trading opportunities unless the goal is to profit by ten points. The US dollar still shows no signs of growth, so a breakout to the upside is quite possible. After consolidating above 0.6630, buyers will have the opportunity to continue the rise towards 0.6660 and 0.6690. However, if sellers prove to be stronger and manage to establish below 0.6600, then the decline could continue towards 0.6570-0.6560. If these levels are not respected, then the path southward could extend towards more distant targets at 0.6475, 0.6450, and 0.6425.