AUD/USD trades around 0.7400

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


This week, the AUD/USD currency exchange rate has been trading around the 0.7400 mark. Namely, support is being provided by the 0.7365/0.7380 zone and resistance is found at 0.7418/0.7426

If the Australian Dollar reaches above the 0.7418/0.7426 zone, the rate would most likely encounter resistance at the March high level zone at 0.7430/0.7442. Higher above, note the weekly R1 simple pivot point at 0.7497 and the 0.7500 mark.

However, a potential decline below the 0.7418/0.7426 zone is expected to look for support in the weekly simple pivot point at 0.7332 and the 200-hour simple moving average near 0.7315. Below these levels, the 0.7300 mark might act as support.
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