FX.co ★ torp.paris | AUD/USD

Buyers in the currency pair AUDUSD were active yesterday against the weakness of the US dollar, but the upward movement slowed down after rising just above 0.7050. While Friday is passing calmly, it cannot be ruled out that Americans will throw some surprise closer to the close of trading. If the bulls manage to hold above 0.7050, then the price may move up towards 0.7080 and 0.7110 - a reversal is possible from there. Holding above 0.7110 could open the way for buyers to reach 0.7140, 0.7170, and 0.7200. However, if the US dollar becomes active, allowing sellers to push below 0.7050, then the decline in AUDUSD could continue to 0.7020 and 0.6990. In the event of a successful consolidation below 0.6990, bears may have a chance to move down to 0.6960, 0.6925, and 0.6895.