Technical Analysis
31.07.2020, 06:03

AUD/USD is trading near April 2018 highs

Yesterday the AUD/USD traded in different directions in the range of $0.7120-95 and closed the day without significant changes. Today it rallied to the $0.7220 level, continuing to remain close to the April 2018 highs. On the hourly chart, AUD/USD is still trading above the MA line (200) H1 ($0.7130). The situation is similar on the four-hour chart. 

  • Resistances levels are at: $0.7220, $0.7300, $0.7400

  • Support levels are at: $0.7175, $0.7115-20, $0.7065

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