AUD/USD is near significant resistance

AUD/USD pair looks very overbought in conditions of uncertainty and reducing the cost of raw materials. An additional factor in reducing the pair is maintaining the overall downtrend and breaking off from the resistance level of 0.7020.

Deals for sale should be considered in the range of 0.6980-70, fixing below which will open the way to support levels: 0.6930 and 0.6900.

Resistance levels are located at the levels: 0.7000 and 0.7020.

Read also: “Stock Indices: Storming historic highs”

Hanzenko Anton

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