MarketDeal24.Com – The AUD/USD pair moved above 0.73 again on Wednesday due to a weaker US dollar, even after falling below the 0.73 handle in a four-hour time frame. The next upward target is Quasimodo Resistance 0.7342 and the September opening level of 0.7376.
The AUD/USD pair continued to gain in the weekly time frame from the 2020 opening level (0.7016) and the 2019 opening level (0.7042).
With the market trending upwards since early 2020, buyers may still look at resistance 0.7379, followed by resistance 0.7495.
Price in the daily time frame tested at Support 0.7235 last week is likely to create additional upside conditions. For This, buyers could target the resistance at 0.7393.