fxstrategist
Corporal
- Messages
- 742
The AUDUSD has been dropping for the last few days as shown on the daily chart. The pair consolidated around the 200 day EMA, blue line, but yesterday it broke below that level and below the 0.7500 level. The 0.7441 level could have acted as support, but today the pair continued dropping to make a low around the 0.7396 level. Below the 0.7396 level the AUDUSD has the road clear to go and visit the round number level of the 0.7300. A pullback to the upside may cause the 0.7500 level to act as resistance.
