FX.co ★ torp.paris | AUD/USD

Following yesterday's trading day, the price of the AUD/USD pair managed to stay above the key support level of 0.7000. Throughout the week, this support was tested several times, but proved to be too strong for the sellers. The overall trend on the chart remains bullish, and as long as the price doesn't break below the current support, we shouldn't expect a significant shift to the downside. If we see a resumption of growth on Monday, I anticipate a retest of the local resistance at 0.7090, aiming to break above it and continue the upward movement towards 0.7185. For now, this scenario is the primary one for me.