FX.co ★ torp.paris | AUD/USD

The price of the AUD/USD pair was able to update local highs yesterday, reaching the level of 0.7230. However, it was not able to hold, rolling back to the opening level of the trading day at 0.7205. We are waiting for the start of a new trading week, with a priority for growth still in place. I still expect to see movement towards the weekly resistance zone around 0.7250, where I anticipate a selling opportunity for myself. At the moment, I don't see any reason to open trades, as there is simply not enough room for buying. It's better not to rush with selling. I expect high volatility next week due to news about the Middle East and the release of US labor market data.