FxWirePro: AUD/USD bearish again as upside bias reverses
AUD/USD declined sharply on Wednesday as Australian dollar was weighted down on speculation that U.S. Federal Reserve may raise interest rates this year. The pair remains under bears control unless until it trades below …
AUD/USD declined sharply on Wednesday as Australian dollar was weighted down on speculation that U.S. Federal Reserve may raise interest rates this year.
The pair remains under bears control unless until it trades below 0.7704 resistance level, therefore it is good to sell this pair around 0.7670 levels.
To the upside, immediate resistance can be seen at 0.7652, a break above this level would take the pair towards next resistance level at 0.7704.
To the downside immediate support can be seen at 0.7613, a break below this level will open the door towards next level at 0.7590.
