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AUDUSD Bull Pressure Builds Up Towards 0.7337/81 Zone

AUDUSD bull pressure bulls up towards 0.7337/81 zone as more strength is expected. On the upside, resistance lies at the 1.7400 level. A turn above here will shift attention to the 0.7450 level and then the 0.7500 level. A violation will set the stage for a retarget of the 0.7550 level. Its daily RSI is bullish and pointing higher suggesting further strength. Support is seen at the 0.7300 level where a breach will aim at the 0.7250 level. Below here will set the stage for a run at the 0.7200 level with a cut through here targeting further downside pressure towards the 0.7150 level. On the whole, AUDUSD faces further upside pressure with eyes its resistance zone at 0.7381. AUDUSD bull pressure bulls up towards 0.7337/81 zone as more strength is expected Click To Tweet

AUDUSD Bull Pressure Builds Up Towards 0.7337/81 Zone

 

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