- AUD/USD broke key levels
- U.S. Bank Holiday
Price Movement
Since last Friday, AUD/USD had moved up by around 70pips.
Trend
Overall, AUD/USD is moving on a downtrend.
Macro Background
No major economic data release.
Important Issue
As U.S. banks will be closed in observance of Presidents’ Day, expect lower than usual trading volatility and volume.
Technical
Last week, AUD/USD broke the 0.71 key level and the support level of 0.71339.
Price Levels
Current Price: 0.71543
Next Resistance: 0.72088
Next Support: 0.71339