Overview:
According to the previous events, the AUD/USD pair has still moved between the level 0.7552 and 0.7365. Strong resistance is seen at the level of 0.7552, providing a clear signal for sell deals with a target at 0.7367 in order to test the double bottom. Stop-loss is to be placed above 0.7583. Strong support is expected to be found at the level of 0.7367, providing a clear signal for buy deals with targets seen at 0.7457 and 0.7550. Stop-loss is to be placed below the double bottom at the level of 0.7330.Observations:
The weekly resistance is seen 0.7552. Also, the double top will be formed at 0.7566. The weekly support is seen at 0.7367. Also, the double bottom will set at the same level. The previous range was 68 pips. TTherefore, we expect a range about 90 pips today. Additionaly, it should be noted that risk of 60 pips could result in a profit of 90 pips.