An uptrend has formed on AUD/USD

2 min read

Hi traders,

The AUD / USD currency pair goes within the upward channel and at the moment there are 2 options for a deal on Buy.

  1. The price will rebound from the support zone 0.6722-0.6710. If this happens, then the pair is likely to grow to the level of 0.6800. An additional confirmation for a possible price rebound is that an uptrend runs near this zone.
  2. I do not rule out the possibility that the price will go lower, to the support zone 0.6695-0.6675 that she already liked. If this happens, then the purchase from this area is also relevant. The goal is the level of 0.6800.

Good trading,
Yaroslav Mudryi.

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