FX.co ★ torp.paris | AUD/USD

AUD/USD H4

The pair’s quotes have once again tested the resistance at 0.6955 for strength and as a result we currently have a small bounce and a desire to move south, but. The thing is that the moving average is still against the south since it is below the quotes and is providing support. So for the downward move to continue, it is now necessary to break through the moving average. The support they may head to is the 0.6904 level. And let’s remember that the resistance at 0.6980 is now almost the primary northern target, and it’s quite realistic that this is exactly the resistance they are currently heading toward. All the best to everyone.