AUD/USD bounces off support

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The AUD/USD currency exchange rate remains in the range between support at 0.7467/0.7474 and resistance at 0.7538/0.7541. On Friday morning, the pair bounced off the support zone and started a surge, which in less than two hours reached above 0.7500.

In the case of the Australian Dollar surging against the USD, the pair is expected to face minor resistance at 0.7510, 0.7520 and 0.7530, before reaching the resistance of the 0.7538/0.7541 zone.

On the other hand, a potential decline would have to pass below the support of the 0.7500 mark, prior to approaching the 0.7467/0.7474 zone.
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