Overview: Pair: AUD/USD (Australian dollar/US dollar).
The main trend: Bearish.
The secondary trend :
Bullish. Volatility: High.
Forecast bias: Uptrend in short term.
The Australian dollar has shown slight gains against the US dollar during today's Euro session. The AUD/USD pair traded between 0.7007 and 0.7190, it reached 0.7190, which was the highest price for the pair on record since 25th September 2020. The AUD/USD pair may grow in coming hours because the development of the first wave of the lower level of 0.7007 to continue towards the new top of 0.7190.
Coming days expecting downside correction from Resistance 0.7210$ towards Support level 0.7140$ and 0.7060$
🛑SUPPORT/RESISTANCE
✅S1= 0.7140
✅S2=0.7060
✴️R1=0.7210
✴️R2=0.7315
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The main trend: Bearish.
The secondary trend :
Bullish. Volatility: High.
Forecast bias: Uptrend in short term.
The Australian dollar has shown slight gains against the US dollar during today's Euro session. The AUD/USD pair traded between 0.7007 and 0.7190, it reached 0.7190, which was the highest price for the pair on record since 25th September 2020. The AUD/USD pair may grow in coming hours because the development of the first wave of the lower level of 0.7007 to continue towards the new top of 0.7190.
Coming days expecting downside correction from Resistance 0.7210$ towards Support level 0.7140$ and 0.7060$
🛑SUPPORT/RESISTANCE
✅S1= 0.7140
✅S2=0.7060
✴️R1=0.7210
✴️R2=0.7315
Please like, share, comments and follow me to get daily base analysis.
Thank you for your support, I appreciate it.