From a technical point of view, the breakdown of important short-term support levels 0.7744, 0.7730 creates preconditions for further decline. A breakdown of the support level of 0.7680 will strengthen the negative dynamics of and direct it towards the key support levels 0.7615, 0.7530.

In an alternative scenario and if the current range tendency persists, the decline in AUD/USD will stop at the current levels. However, to resume buying, you should still wait for the AUD/USD to return to the zone above the resistance level of 0.7744.

Support levels: 0.7680, 0.7615, 0.7600, 0.7530, 0.7510, 0.7320
Resistance levels: 0.7730, 0.7744, 0.7774, 0.7815, 0.7835, 0.7980, 0.8000, 0.8160, 0.8200

Trading Recommendations

Sell ​​Stop 0.7690. Stop-Loss 0.7780. Take-Profit 0.7615, 0.7600, 0.7530, 0.7510, 0.7320
Buy by market, Buy Stop 0.7750. Stop-Loss 0.7690. Take-Profit 0.7744, 0.7774, 0.7815, 0.7835, 0.7980, 0.8000, 0.8160, 0.8200

AUDUSD-Daily





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