AUD/USD is currently being traded in the 70 figure, having passed 116 points up over yesterday's trading session. But indicators have entered the overboughtness zone, indicating the need for a corrective decline and sales to support level 0.6993 and 0.6946. However, there is a possibility of growth of the pair to the upper border of the trading channel, where a sales of the pair will be safer. Resistance levels today - 0.7062 (the pair has tested it) and 0.7109.
I can see an excellent entrance to the aud/usd market after reaching the 0.7205 level. The price will go up.
AUDUSD double bottom pattern has formed in day chart, i think right place to buy audusd at 0.7300 tp-0.7600, sl-0.7000. [ATTACH deleted]
The three-weeks' rise of the Australian dollar against the US dollar encountered resistance represented by the upper borderof the downtrend channel 0.7390. As long as trade continues within the channel, the price preserves potential for decline.
As the price has reached the level of support, I think that now it will go up and will pass the 0.7281 mark.
I think that the price will reach 0.70020 level. After that, the price will return to the level of 0.68310 or further.
The Australian dollar is showing a false break of 0.6900. The next target for rollback 0.7000. From this level you can try to go into sales.
The Australian dollar runs sideways. Within the trend can be played on the breakdown of support 0.7100, we can work to 0.7000.
I think that the price will reach 0.719547 level. After that, the price will go to the level of 0.6979 or further.
I think that the price will reach 0.70752 level. After that, the price will return to the level of 0.72557 or further.
Right now, I can’t see the entrance for opening a deal on the asset, so I’ll wait until the price reaches one of the levels, and then I’ll make a decision.
