Technically, AUD/USD was strongly bearish weekly base and it was expected to reach support level 0.7140$ and 0.7080$ further more downside if price break 0.7080$ we could see next support level 0.7020$
USDX's rebound has boosted the greenback which it has appreciated aggressively versus its rivals.
AUD/USD is trading in a confluence area right now, so anything could happen. Sell a valid breakdown if the currency pair closes below the 0.7144 level, AUD/USD is trading currently above support level 0.7140 Still, needs confirmation before we could consider going short on this pair. Alternative if Dollar get Weak could see another higher high resistance 0.7240 and 0.7324$
🛑SUPPORT/RESISTANCE
✅S1= 0.7140
✅S2=0.7085
✴️R1=0.7240
✴️R2=0.7325
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USDX's rebound has boosted the greenback which it has appreciated aggressively versus its rivals.
AUD/USD is trading in a confluence area right now, so anything could happen. Sell a valid breakdown if the currency pair closes below the 0.7144 level, AUD/USD is trading currently above support level 0.7140 Still, needs confirmation before we could consider going short on this pair. Alternative if Dollar get Weak could see another higher high resistance 0.7240 and 0.7324$
🛑SUPPORT/RESISTANCE
✅S1= 0.7140
✅S2=0.7085
✴️R1=0.7240
✴️R2=0.7325
Please like, share, comments and follow me to get daily base analysis.
Thank you for your support, I appreciate it.