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- AUD/USD remains above MA 200 H1
AUD/USD remains above MA 200 H1
Yesterday the AUD/USD traded in different directions in the range of $0.7715-55 and closed the day without significant changes. Today it also traded in a narrow range of $0.7710-35, staying close to yesterday's closing price. On the hourly chart, AUD/USD is still trading above the MA line (200) H1 ($0.7655). The situation is similar on the four-hour chart. Based on the foregoing, 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: $0.7755, $0.7780, $0.7805
Support levels are at: $0.7705, $0.7650, $0.7585
Probably, the main scenario - is the continuation of the upward movement to $0.7755 (Feb 10 high). Alternative scenario - may be consolidation below MA 200 H1, followed by a decline to $0.7565 (Feb 2 low).
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