AUD/USD remains under the pressure

The AUD/USD pair remains under the pressure from technical factors and negative sentiment in addition to expectations of interest rates cut in Australia. Technically, the AUD/USD pair is trading in a downward triangle, the lower border of which is located in the zone of 0.6730-50.

Break of the triangle will indicate a decline in support levels: 0.6680 and 0.6650.

The resistance is marked by: 0.6760 and 0.6780, fixing above which cancels expectations for a decline.

Read also: “How real is the slowdown of a bearish trend for the euro”

Hanzenko Anton

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