The AUD/USD
has not been respecting the 0.7700 level as shown on the daily chart, but this
time it has stopped at that level and it may try to bounce to the downside. A
breakout of that level could take the pair to the high at the 0.7760 level,
which could act as resistance. To the downside, in case the pair bounces back
down, then the 0.7600 level may act as support, but much lower around the
0.7500 with the 200 day EMA, that zone may become a better support for the
AUD/USD.
We may see a pullback before another move upward.
ReplyDeleteExcellent Analysis! Thanks.
ReplyDeleteThe rally continues for now.
ReplyDeleteThanks for such an informative article.
ReplyDeleteGreat daily note, thank you.
ReplyDeleteGood analysis, thank you for sharing!
ReplyDeleteGood analysis, thank you!
ReplyDeleteSupport level can be found around 0.75.
ReplyDelete