FX.co ★ torp.paris | AUD/USD

Buyer activity on the AUD/USD pair has been quite high in the last couple of trading days, and as a result of the subsequent rise, we were able to first reach the calculated resistance level around 0.7034, and then break through it. Volumes during the rise and breakout of this level were quite high and gradually increasing, indicating further entries of large buyers into positions. Moreover, the fact of consolidating above the mentioned level paves the way for a new wave of buying. Overall, I prioritize buying, so I will be expecting further strengthening of the Australian dollar and growth towards the targets at the nearest calculated resistance level of 0.7130 for the AUD/USD pair today.