The AUD/USD currency pair appeared to be in an active downward interest and successfully reached an important range support level at 0.7800 / 0.77785, where it further slowed down its movement. It is possible that the "bearish" potential remains in the market, but the market came in evidently visible oversold, which warms the buyer's' interest. It is possible to predict a temporary fluctuation within the limits of 0.7800 / 0.77785, where the bulls will try to find the support, forming a full-scale correctional movement at 0.7870 - 0.7900.
Key Levels
Resistance - 0.7870; 0.8000 (+/- 50p); 0.8180-8300.
Support - 0.7800 / 0.77785; 0.7700; 0.7580.
Attention: Predictions are not a direct guide to action!
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