FX.co ★ torp.paris | AUD/USD
AUD/USD
Hello traders, It is worth noting that nothing special is happening with the AUDUSD pair, as the strong upward movement continues, and we are currently growing and pressing north. Yesterday, we managed to hit the nearest targets around 0.6618, and we are still trading above that level. Moreover, there is room for further growth since the longstanding area around 0.6630 is still relevant. Of course, it is important to mention that the dollar finally paused its decline yesterday due to positive data on benefits. However, it is crucial to see how we will trade today, as there is also some economic data to consider. In any case, I do not consider buying from these price levels. I believe we can climb above 0.6630. But if we fail to hold above that level, I will consider selling.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade