Currency analyst

AUD/USD: Aussie is at the pause

On the daily chart AUD/USD bears failed to keep the pair under resistance of 0.7688. The bulls are trying to return the initiative. If they succeed, the possibility of uptrend resumption will increase. On the othe rhand, decline of the pair below 0.763 will open the way down to 0.757.


On H1 trend was followed by consolidation in the 0.7641-0.7723 area. Successful test of its lower border will allow the pair to make a corrective move towards 0.7590 and 0.7550. The break of resistance at 0.7723 will open the way to 0.775 and give hope to the bulls.


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