FX.co ★ Technical analysis and trading recommendations for the AUD/USD currency pair as of January 30, 2017

As mentioned in the previous predictions, the AUD/USD currency pair reached the 0.8110 range, where it touches the resistance level and slowed down its movement. As of this writing, we could see how the "bears" are trying to work out the level and form a pullback. It is possible to assume that sellers will not stop on rollback, but will continue moving towards the stage of forming a correction after a long period of time. In this development, the pattern is assumed to go down to the levels of 0.8000 / 0.7950.

Key Levels

Resistance - 0.8110; 0.8280;

Support for 0.7950; 0.7810

Attention: Predictions are not a direct action to action!

* The presented market analysis is informative and does not constitute a guide to making transactions.