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AUDUSD: Turns Higher On Strength

AUDUSD: With the pair halting its weakness and strengthening, more gain is envisaged. On the downside, support resides at the 0.7650 level where a breach will aim at the 0.7600 level. Below that level if seen will set the stage for a run at the 0.7550 level. A cut through here should target further downside towards the 0.7500 level. On the upside, resistance lies at the 0.7800 level. A cut through here will turn attention to the 0.7850 level and then the 0.7900 level where a violation will set the stage for a retarget of the 0.7950 level. On the whole, AUDUSD continues to retain its broader downtrend pressure but faces recovery threats

AUDUSDproDaily

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