AUD/USD: The Australian dollar could be due for a turnaround.

Denis Joeli Fatiaki Independent Analyst

The Australian dollar has bounced at a critical technical point at 261.8 Fibonacci retracement level at 0.73757 with supporting volume and could be due for a turnaround. The Aussie dollar is currently trading at 0.73922 and will need to hold above 0.73757 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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