Forex Trading – AUD/USD
During the trading hours yesterday, the Australian dollar was in range 0.8945-0.9035 USD. This morning the currency pair is trading at 0.9000-0.9020.
According to the analyses of Trading212, if Australian dollar breaks the resistance levels at 0.9015-0.9035 USD, the aim will be reaching and testing the zone 0.9055-0.9075 USD. If it is successful, the upward trend will continue to 0.9100-0.9120 USD.
If AUD drops below the support levels at 0.9000-0.8980 USD, it will try to find a next support at 0.8960-0.8940USD. In case of breaking down, the downward trend will continue to 0.8945-0.8925 USD.
