MarketDeal24.Com – After falling from 0.73, the AUD/USD pair fell to ABCD support 0.7263 (black arrows) in a four hour time frame. If buyers enter the market today and move above 0.73, the next target will be Quasimodo Resistance 0.7342, followed by the September opening level of 0.7376.
The AUD / USD pair continued to gain in the weekly time frame from the opening level of 2020 (0.7016) and the opening level of 2019 (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.