AUD/USD is near significant support

The AUD/USD pair slowed down its growth after almost two weeks of strengthening, limitid to a psychological mark of 0.7300. At the same time, positive statistics on China and Australia contributes to the further growth of the pair, which is also indicated by the overall reduction in risks in the market.

A buy entry should be considered when a resistance breaks through 0.7300-10, which will open the way to resistance levels of 0.7350-60 and 0.7400. Support is located at levels: 0.7280 and 0.7260.

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Hanzenko Anton

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