AUD/USD: Australian dollar approaches resistance at 0.72365; CHN data at 13.00hrs

Denis Joeli Fatiaki Independent Analyst

AUD/USD: Australian dollar approaches resistance at 0.72365; CHN data at 13.00hrs

What is going on now with AUD/USD:?

AUD/USD: The Australian dollar bounced at 0.71980 in this mornings session and continued to push on towards 0.72365 resistance. The pair needs to break and maintain above 0.72365 to continue to the upside. The pair could head down to 0.71980 and 0.71745 if it fails to continue above 0.72365.

Support/short target -0.72105, 0.71980, and 0.71745

Resistance/Long Target-0.72365, 0.72520, 0.72600, and 0.72835

The trade signals are posted on to our Telegram channel on a regular basis as per the link below.
https://t.me/leoprimefx

Chart 1: The short-term view of the AUD/USD price action in the 60 minutes price chart highlights the direction of the trend and the support and resistance price points

Chart 2: The short-term view of the AUD/USD price action in the four hours price chart highlights the direction of the trend and the support and resistance price points

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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