AUD/USD resumes recovery

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


The AUD/USD currency pair found enough support in the 0.6860 level to resume its previous surge. By the middle of Friday's trading, the pair had reached and was testing the resistance of the weekly R2 simple pivot point at 0.6948.

A move above the weekly R2 simple pivot point might encounter resistance in the 0.7000 mark and the weekly R3 simple pivot point at 0.7041.

On the other hand, a decline of the Australian Dollar against the US Dollar could look for support in the July high level and the 0.6900 mark, prior to reaching the 0.6860 level. Meanwhile, it has been observed that other technical levels below the rate have been ignored.
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