FX.co ★ Technical analysis and trading recommendations for the AUDUSD currency pair as of September 28, 2017

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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