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AUDUSD waits the break

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The Australian dollar against the US dollar supported well around the 0.7700 levels, as the prices formed the "Doji" pattern to give the pair the opportunity to find three daily winning sessions in a row.

Technical Comment: Aussie is trading above 0.7700, where the pair needs some confirmation to form further highs by break above the levels of 0.7855 represented by the resistance line and the bearish trend line levels, prices may see some rise towards the levels 0.7945 - 0.7985.

Comment on the Previous Analysis: break above 0.7780.

Expected Daily Trend: Bullish above 0.7855.

 

Important Levels:

Support: 0.7770 - 0.7735 - 0.7700

Resistance: 0.7835 - 0.7835 - 0.7890

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