AUD/USD managed to get above 0.7900 and is trying to develop additional upside momentum.
Australian Dollar Tries To Continue Its Upside Move
AUD/USD is currently trying to settle above the resistance at 0.7910 while the U.S. dollar is flat against a broad basket of currencies.
Australian Dollar Tries To Continue Its Upside Move
AUD/USD is currently trying to settle above the resistance at 0.7910 while the U.S. dollar is flat against a broad basket of currencies.
AUD/USD is currently trying to stay above the nearest resistance level at 0.7910. If this attempt is successful, AUD/USD will get to the test of the next resistance which has emerged at 0.7935.

A move above the resistance at 0.7935 will push AUD/USD towards the resistance at 0.7950. In case AUD/USD settles above this level, it will head towards the next resistance at 0.7980. It should be noted that AUD/USD has not visited this territory for several years so it remains to be seen whether previous levels will be relevant for today’s trading.

On the support side, a move below 0.7910 will push AUD/USD towards the support at 0.7890. If AUD/USD declines below this level, it will head towards the next support level which is located at 0.7875. A move below this level will open the way to the test of the support at 0.7860.

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