AUDUSD long view 0,72890

Pair AUDUSD found support at 0.71600 yesterday, and after that, we have the current recovery and growth at 0.72500. We are slowly entering a potential resistance zone of 0.72650-0.72890. When we set the Fibonacci level on the chart, we see that the first pullback ended at 61.8% Fibonacci level. Now we have a similar situation, and again our target is 61.8% Fibonacci level at 0.72890. An additional resistance at that level is the MA200 moving average, which, together with the 61.8% Fibonacci level, would break this pullback and reorient AUDUSD towards lower levels. After that, we would be back in the support zone around 0.71600, and maybe we would form a new lower low. Conversely, if a pair makes a break above, our target is the previous high at 0.73680, the previous 61.8% Fibonacci level.