FX.co ★ AUD/USD

A noticeable decrease in the price of AUD/USD was observed yesterday following the release of US labor market data. As a result, the support at 0.7100 was broken, exiting the range in which the price had been trading for a long time. The price stopped at 0.7049 before the weekend. The nearest support is around 0.7025. Therefore, a resumption of growth and buying could occur at the start of the new trading week. Events in the Middle East may influence the situation if something happens over the weekend. In any case, buying the pair remains of interest. The overall trend remains bullish.