AUD/USD Price Analysis: Key 0.6820 could come under pressure – by fx_ross AUDUSD Currencies Technical Analysis
The week ahead will be key for this pair considering the Aussie Labour market and the USwith the Federal Reserve fast approaching. Meanwhile, for the open, the price is trapped between 4-hour support and resistance. The following illustrates the importance of 0.6820 on the downside and 0.6880 on the upside with prospects for 0.6950 for the week ahead.
retracement to serve as a demand area. On the other hand, if the bulls give way there, then the area of last defence could come in at the neckline of the daily W-formation as follows:Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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