AUD/USD: Australian dollar approaches breakout point at 0.73994

Denis Joeli Fatiaki Independent Analyst

The Australian dollar is back above 0.73757 a critical technical point which represents Fib retracement level and starts to show some signs of improvement in its attempt to recover from the latest sell-off. The Aussie dollar is now trading at 0.73882 with reasonable volume and will need to break and hold above 0.73994 to continue to the upside.

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

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