FX.co ★ Technical analysis and trading recommendations for the AUD / USD currency pair as of February 28, 2018

The AUD / USD currency pair once again approached the range support level of 0.7770, where it felt temporary support. Now, we see a gradual recovery of long positions, but still holding downward interest. Probably assume a temporary rebound with a target of 0.7840, wherein the event that the bulls themselves either fail to show themselves. We will return back to the 0.77750 / 0.7740 area, focus the price on these marks, where it would be worthwhile to carefully monitor the breakdown.

Key Levels

Resistance - 0.7900 *; 0.8000; 0.8110

Support - 0.7770; 0.7630 *; 0.7500

Attention: Forecasts are not a direct guide to action!