FxWirePro: AUD/USD key support at 0.7550, upside prevails in the short term
AUD/USD pair inched higher in the US session as the pair attracted short buying interest ahead of RBA statement in the upcoming session. Currently the pair is making an attempt to test resistance level located at 0.7642.…
AUD/USD pair inched higher in the US session as the pair attracted short buying interest ahead of RBA statement in the upcoming session.
Currently the pair is making an attempt to test resistance level located at 0.7642.
The support level at 0.7220 is set to act as strong barrier to bears and initiate further bullish momentum towards 0.7300 and later towards 0.7340 levels.
To the upside, the strong resistance can be seen at 0.7661, a break above this level would take the pair towards next resistance level at 0.7729.
To the downside immediate support can be seen at 0.7606, a break below this level will open the gates towards next level at 0.7550.
