Yesterday the AUD/USD was trading higher and closed the day in positive territory around the $0.7300. Today it rallied slightly, rising to $0.7320. On the hourly chart, AUD/USD is still trading above the MA line (200) H1 ($0.7275). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the northern direction in trading, and while the AUD/USD remains above MA 200 H1, it may be necessary to look for buy entry points to form a correction.
Resistances levels are at: $0.7340, $0.7365, $0.7410
Support levels are at: $0.7270, $0.7250, $0.7195-05
Probably, the main scenario - is the continuation of the upward movement to $0.7340 (Sep 15 high). An alternative scenario - may be consolidation below MA 200 H1, followed by a decline to $0.7205 (low of the European session on Sep 9).
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