AUD/USD is near a strong resistance - Ester Holdings

AUD/USD is near a strong resistance

The AUD/USD pair received a significant support thanks to the general weakness of the US dollar, accelerating the growth on the correction after the decline, but maintaining a three-week downward channel. At the same time, the growth of risks that is putting pressure on the US dollar, also puts pressure on raw materials, on which the Australian dollar depends largely.

Technically, resumption of the pair’s decline can be expected for the formation of a reversal from the resistance levels: 0.6750 and 0.6770.

Sales should be considered on fixing below the zone: 0.6730-10

This will open the way to support levels: 0.6670 and 0.6650.

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Hanzenko Anton

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