Expectations from the AUD/USD pair

After the pair partially worked off the figure with a double top on the timeframe D1, the AUD/USD pair approached a significant support level of 0.7630 (Fibo. 38.2 from January last year). This mark remains a very significant support level and can slow down the development of the above figure.

In case of the correction development and the repulse of the pair from the 0.7630, a resistance test of 0.7690-0.7700 and 0.7740 is possible. Taking into account the existing downward dynamics, further growth of the pair will be limited. Consolidating the pair below 0.7630 will open the way for sellers to support levels: 0.7530 and 0.7470 (Fibo. 50.0).

Follow the dynamics of the market at https://esterholdings.com/en/category/mneniya-ekspertov/ and https://esterholdings.com/en/category/novosti-rinka/

Hanzenko Anton