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The Australian dollar against the US dollar hit the lowest price of 0.7411 since last May.

Technical Comment: Aussie is trading today below the weekly broken ascending trend line and the resistance line at the price of 0.7690, the stability of the price below the resistance zone 0.7715 - 0.7685 may give the possibility to drop towards the levels of 0.7560 - 0.7420.

Comment on the Previous Analysis: Hit the expected targets 0.7475 - 0.7615

Expected Daily trend: Bearish below 0.7715 - 0.7685.

 

Important Levels:

Support: 0.7685 - 0.7715 - 0.7770

Resistance: 0.7600 - 0.7560 - 0.7500

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