AUD/USD loses ground after failing at crucial resistance price point

Denis Joeli Fatiaki Independent Analyst

The Australian dollar finished very strong at the end of last week's session but was unable to continue in today’s trading session after it was pushed back at 0.74357

The Australian dollar has dropped to 0.74137 support and will need to hold above this point to avoid falling further. Failure to stay above 0.74137 could put more pressure on the downside pushing prices down to 0.74031

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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