FX.co ★ AUD/USD

For the AUD/USD pair, as a result of yesterday’s decline, sellers managed to break through the calculated support level around 0.6938. However, they ran into serious problems with a full-fledged consolidation below this level, even though volumes were quite high and gradually increasing, which, against the backdrop of the subsequent rise and the false break of the indicated level, looks like an attempt by large buyers to resume entering long positions. As a result, I still prioritize buying, so for the AUD/USD pair today I will first be looking for a retest of the previously broken support level at 0.6938, followed by a bounce from it and a resumption of growth towards targets around 0.6990.