FX.co ★ torp.paris | AUD/USD

AUD/USD is trading at the upper boundary of the medium ascending channel. The key resistance level for the next trading week is at the price of 0.72101. This area presents an excellent selling entry point on a pullback, and once the pair enters it, you can confidently open an order. The next important level I consider is the local minimum at 0.71495, and if it breaks down, the price will confidently drop to the lower channel boundary at 0.71092. There is a high probability of a rebound and a resumption of growth, so buying from this level also looks like a quite promising market entry! Hello traders!