AUDUSD
The AUDUSD pair dropped to the daily support level of 0.7385 and the pair is testing that level. However as long as the pair remains stable above 0.7385 on a daily basis, we think we think the downward movement may be limited and we will follow resistance levels at 0.7399 and 0.7421. On the other hand, if the pair falls below 0.7385, the next support level will be at 0.7255.
Support: 0.7385-0.7255
Resistance:0.7399-0.7421-0.7440
08 May 17 (Mon)
06:13 pm
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