Yesterday the AUD/USD was trading lower and closed the day in the red around the $0.7090. Today it dropped slightly, dropping to $0.7070. On the hourly chart, AUD/USD is still trading below the MA (200) H1 line ($0.7160). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth adhering to the south direction in trading and while the AUD/USD remains below MA 200 H1, it may be necessary to look for a sell entry point to form a correction.
Resistances levels are at: $0.7145, $0.7190-00, $0.7230-40
Support levels are at: $0.7055, $0.7035, $0.7005
Probably, the main scenario - is the continuation of the downward movement to $0.7055 (Oct 15 low). Alternative scenario - may be final consolidation above MA 200 H1 with further growth to $0.7230 (Oct 12 high).
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