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The Australian Dollar versus the American Dollar hit the lowest price of 0.7344 since May 2017, as prices recorded five losing daily sessions in a row.

Technical Comment: AUDUSD trades today below the resistance zone of 0.7410-0.7450, it may push the pair to form a bearish momentum towards 0.7285 - 0.7175.

Comment on the Previous Analysis: Recorded Expected Targets 0.7560 - 0.7420

Expected Daily Trend: Bullish above 0.7410-0.7450.

 

Important Levels:

Support: 0.7285 - 0.7200 - 0.7175

Resistance: 0.7410 - 0.7450 - 0.7500

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