FX.co ★ AUD/USD

In my brief forecast for today on this trading instrument AUDUSD, I expect a further rise of the currency pair to the next resistance level. Most indicators on the hourly timeframe point to growth of the currency pair toward the next resistance level. The overall trend on the 1-hour chart remains bullish. On the 1-hour chart we see the AUDUSD currency pair near the resistance price level of 0.69527. Today I expect a breakout of this resistance level 0.69527 and further growth of the currency pair toward the next resistance level 0.69667. If this currency pair AUDUSD manages to break through this resistance level 0.69527 and consolidate above it, then I will expect further growth of the currency pair toward the next resistance level. But if this currency pair AUDUSD fails to break through this resistance level 0.69527 and consolidate above it, then I will expect a pullback of the currency pair to the support level 0.69316.