AUDUSD is facing 0.7283 resistance. A clear break of this level would indicate that the downside movement from 0.7453 had completed at 0.7202 already, then the pair would find next resistance level at around 0.7350.
On the downside, as long as 0.7283 resistance holds, the downtrend could be expected to resume and further decline to 0.7100 area is still possible.
Related Posts
US Goods Trade Deficit Surges Near Record High (Don’t Tell Trump)
Crude Spikes On Gasoline Draw & Production Cut (Despite Another Cushing Build)
E
Oil Stocks Are On The Move
Pound, Franc Fireworks Unlikely On BOE And SNB Rate Decisions
Top 3 Foreign ETFs Of Q2
Does Gold Like Acronyms? The Golden Story Of SPX, CPI, And IMF
Leave A Comment