AUD/USD is preparing to resume a decline

The AUD/USD pair, after an attempts of growth and correction after a decline, rebounded from the psychological level of 0.7200, indicating keeping the weekly downward channel, and the potential for decline.

Fixing the AUD/USD pair below 0.7180-70 will indicate a further decline in support levels: 0.7130 and 0.7100. Resistance is located at the levels: 0.7200 and 0.7220, the update of which will cast doubt on keeping the downward trend.

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Hanzenko Anton

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

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