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- AUD/USD Price Analysis: The focus is on a break of 0.7000 for the week ahead
AUD/USD Price Analysis: The focus is on a break of 0.7000 for the week ahead
- AUD/USD bulls tun into a wall of resistance across the time frames.
- Bears can aim for a test of 0.70 the figure for the week ahead.
The price is moving in on the support zone between 0.7120/30 and if bulls commit then the price can head beyond the 0.7140s in the coming sessions towards 0.7160 /80.
AUD/USD H1 chart
However, should the bulls give way, then 0.7080 will be a potential target met early this week:
AUD/USD daily chart
From a daily perspective, the price is meeting resistance below 0.72 the figure and the focus is on a break of 0.7000 for the week ahead.
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