Aussie - bulls winning
Tatiana Norkina, FBS analyst
Support for the Australian currency provided by the recent decision of the RBA forced new buyers to enter the AUD/USD currency pair market. Yesterday the pair made a quality leap into the positive area, testing levels above the 80th figure. Further, this morning the prices are fixing above the cloud. In case this manoeuvre is successful, which is most likely, we will expect further growth to the 81st figure. Otherwise, let us stay out of the market since we do not rule out a possibility of a long-term consolidation in the 0.7890-0.7950 range.
Technical levels: support – 0.7950; resistance – 0.8000.
1. Buy — 0.7965; SL — 0.7945; TP1 — 0.8050; TP2 — 0.8170.