AUD/USD is limited by upward trend

The AUD/USD pair was under the significant pressure on exacerbation of pessimism and correction. As a result, the pair has fully adjusted against Friday’s trading, but has maintained an uptrend.

We can expect the resumption of growth with the resumption of optimism in the market and breaking through the level of 0.6770-60.

Significant support are the levels: 0.6740 and 0.6710, the update of which will indicate the refraction of the upward dynamics. The resistance levels and goals are located at the levels of: 0.6820 and 0.6850.

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

Hanzenko Anton

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