The Australian dollar is below the resistance level of 0.7265
The AUDUSD bullish momentum is declining, but as long as the 0.7034 support remains in place, the pair could start a new uptrend. With the break of the resistance 0.7265, the Australian dollar can jump to the US dollar to the resistance of 0.7660.
From the sellers’ point of view, if the Australian dollar falls below the partial support of 0.7034, the pair will be ready to hit the price level of $ 0.6828 again.
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