FX.co ★ torp.paris | AUD/USD

AUD/USD Н4 So far, the resistance at the level of 0.7222 is holding back the quotes and we see a reaction at this level. This tells us that there is strength at this level and it may not be easy to overcome it. However, the moving average is supporting the quotes, being slightly below, which also favors the northward direction. We also have support at the level of 0.7150, which could kick off a new upward trend. And of course, it's all classic - if it manages to consolidate above, then we can talk about the possibilities of an upward movement. And let's not forget that a drop below the support level indicates the weakness of the bulls.