Australian dollar is in uncertainty
The pair AUD/USD, after forming a high last week, is trading in a weekly uptrend, thereby questioning the annual downtrend. So, the zone of uncertainty is located in the range from 0.7450-60 to 0.7380, which corresponds to the range of the weekly uptrend.
In turn, a return to the 0.7400 mark will indicate the resumption of the downtrend with a test of support levels: 0.7320-00 and 0.7250. Otherwise, the update of resistance 0.7450-70 will indicate the formation of a deep correction for this pair.
Read also: “Trading on Turns: 5 Rules”
Hanzenko Anton
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