FX.co ★ torp.paris | AUD/USD

Currently, the pair is trading above the 0.7150 level, which is acting as support at the moment, along with the moving average that traders are currently trying to overcome. This suggests the possibility of further upside movement towards the resistance at 0.7285, and beyond if confirmed. However, if the price manages to drop below the support level, it is not advisable to rush to conclude a continuation of the downtrend. To confirm a continuation in this direction, it is necessary to at least establish a foothold below the level, and only then will the southern direction continue. Confirmation is necessary to avoid a false breakout below the level. Wishing everyone success.