Forecast:
According to the previous events, The AUD/USD pair has still been moving between 0.8560 and 0.8593. Strong resistance will be formed at the level of 0.8613 providing a clear signal for sell deals with the target seen at 0.8530. Stop-loss is to be placed above 0.8630. Strong level (support) will be formed at the level of 0.8530 providing a clear signal for buy deals with the target seen at the 0.8600 level. Stop-loss is to be placed below 0.8503.Notes:
The level of 0.8613 is representing the weekly pivot point. The double top will be set at the level of 0.8593. We expect a range of 50 pips today. But it should be noted that the risk of 50 pips must make a profit of 75 pips. Volatility: 120.331. Therefore, the market indicates the higher volatility. The value of 50% Fibonacci retracement levels is 0.8628 (for confirming for the bullish market).