Will the Australian dollar cross the 0.7265 resistance?
The current bullish rally of the AUDUSD continues and the short-term trend of the Australian dollar against the US dollar is bullish. The pair can move to the next target at the resistance of 0.7265. The break of this resistance marks the end of the long-term bearish rally, and the AUDUSD could move sharply up 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.
* Technical H4 analysis of AUDUSD
* Technical daily analysis of AUDUSD
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