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LimitMarkets
Aug 20, 2018 10:22 AM

AUDUSD 

Australian Dollar/U.S. DollarFXCM

Description

The upside movement of the parity is effectively stopped by the strong resistance level, from which the price is bouncing off at this moment. As the prices head the downside, 0.7260 and the previous ditch at 0.7200 will be the targets. Alternately, if the price manages to pierce current resistance level, it will reach first 0.7370 level and then 0.7420. After that, 0.7450 level will be a strong resistant to test.
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