AUD/USD is facing 0.7235 resistance, a breakout of this level would indicate that the downside movement from 0.7381 had completed at 0.7085 already, then next target would be at 0.7300 area. Near term support is at 0.7160, only a breakdown below this level could trigger another fall towards 0.7100.

AUDUSD 4-hour chart

Print Friendly, PDF & Email