FX.co ★ torp.paris | AUD/USD

After rising to 0.7200, sellers in the AUDUSD currency pair went for a pullback to 0.7185 - from here, a return to growth is possible. At the moment, the bullish sentiment is relevant, but the week is coming to an end, and something may happen over the weekend that could lead to a change in direction. Upon a bounce from current levels, one can initially expect a rise to 0.7200, and after consolidating above, the price may move towards 0.7215 and 0.7235. If the US dollar continues to weaken as the price approaches these levels, then further upward movement towards 0.7250, 0.7265, and 0.7280 may be possible, with further assessment needed afterwards. If sellers manage to establish below 0.7185, then they may continue moving downwards to 0.7170 - from here, a bounce is also possible. In case of consolidation below 0.7170, the decline could continue to 0.7140 and 0.7110, with further evaluation of prospects needed afterwards.