AUD/USD: Levels, Ranges, Targets

2 most important break points for AUD/USD this week are located at 0.7338 and 0.7239. The above area from 0.7330’s to 0.7350’s and 0.7360’s is full of many and strong resistance points.

Below, 0.7305 and 0.7302 will be tough break points below. Then comes 0.7281, 0.7277, 0.7272, 0.7269 and 0.7267. AUD is then cleared to target 0.7255, 0.7249 and 0.7239.

The AUD/USD price is low but the road higher is tough.

 

Brian Twomey, Inside the Currency Market, btwomey.com