Contributors Technical Analysis AUDUSD Intraday Analysis

AUDUSD Intraday Analysis

AUDUSD (0.7190): The Australian dollar retested the price level of 0.7191 after breaking below this level. Price action briefly posted gains above this level before settling back. A close below 0.7191 could potentially signal the downside in the Australian dollar. This could open the way for the price to test the lower support at 0.7022. Alternately, if price manages to close above 0.7191, the AUDUSD could be on track to maintain the gains for targeting 0.7292 where the next resistance level will be established.

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