Sospriceaction

AUD/USD: key area at 0.7700 before US presidential

FX:AUDUSD   Australian Dollar/U.S. Dollar
The AUD/USD             shows clearly what are the key areas to be monitored. In previous octaves we saw resistance at 0.7700 always reject prices force. Despite all ,the market continues to be purchased every time prices from attempting a new descent, going to bounce on the long-term dynamic support.

It is important to watch what will happen with the US elections, as a strong depreciation of the US dollar             could lead the Australian dollar             to make the breakout of 0.7700. The exponential moving average at 100 periods provides additional detail the importance of this price zone.

Should the price go below 0,75.500 / 0,75,00, we would have high possibility of strong bearish movements.
Ludovico Reale: financial analyst and owner of www.sospriceaction.com
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