FX.co ★ torp.paris | AUD/USD

The price of AUD/USD reached the inclined support near the round level of 0.7000 yesterday. A small bounce has already been received from here, but I expect a more significant upward wave. Bulls are currently struggling to turn the pair to the north, as the price is approaching the inclined support. If we see a good bounce in the near future, I expect a rise at least to the level of 0.7090, where there is a local resistance. The further growth will depend on breaking through this level. If the current inclined support is broken, there is support at 0.6985 just below, from where I also consider a resumption of active buying. Therefore, my priority is currently strictly in favor of buying the pair.