Forex Trading – AUD/USD
During the trading hours yesterday, the Australian dollar was in range 0.8920-0.9000 USD. This morning the currency pair is trading at 0.8980-0.9015.
According to Forex analyses, if Australian dollar breaks the resistance levels at0.9020-0.9040 USD, the aim will be reaching and testing the zone 0.9070-0.9090 USD. If it is successful, the upward trend will continue to 0.9115-0.9130 USD.
If AUD drops below the support levels at 0.8985-0.8960 USD, it will try to find a next support at 0.8940-0.8920 USD. In case of breaking down, the downward trend will continue to 0.8890-0.8870 USD.
