AUD/USD keeps a downtrend

AUD/USD returned to significant resistance – 0.7100 on the growth of optimism in the stock markets and correction of the American currency, and tested the upper limit of the downward channel. In turn, a break from this level indicates a potential for further decline. The sales zone is located in the range of 0.7080-50, fixing the pair below which will open the way to support levels: 0.7000-20 and 0.6980. Resistance marks are: 0.7100 and 0.7080.

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Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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