FX.co ★ Technical analysis and trading recommendations for the AUD / USD currency pair as of February 13, 2017

The AUD / USD currency pair, after a long day of downward movement, managed to find a fulcrum in the form of a range level of 0.7770, where there is also a copulation of Fibo levels. Now, we see the process of forming a correction. It is possible to assume that the process of correction formation will continue, the pair was excessively overheated, running at 350 points without any significant kickbacks. Now, we are considering the move to 0.7900, where the accumulation of Fibo levels is located.

Key Levels

Resistance - 0.7900 *; 0.8000; 0.8110

Support 0.7700; 0.7500

Attention: Forecasts are not a direct guide to action!