Jul
5

AUD/USD D1 Technical July 05

Yesterday Aussies manage to break its resistance 0.9107 and target 0.9175 level. Today’s resistance is at 0.9190 level. Pair is expected to break this level and test its next resistance around 0.9250-80 level. Price action on 0.9250 level should be carefully handle.

If AUD/USD manage to break through its resistance 0.9190 level and H4 candle closure above this level then it will indicate bullish strength that will take AUD further up towards 0.9250-80 level.

The scenario will be vanished. If pair didn’t manage to hold its support level 0.9107 level and H4 candle closure below this level then pair will start moving southward and target will be 0.9050 level.

High impact News can change the scenario. News like Non-Farm Employment Change, Unemployment Rate.

Post comment