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Technical analysis

25.01.201808:22 Forex Analysis & Reviews: Technical analysis and trading recommendations for the AUD/USD currency pair as of January 25, 2018

Long-term review

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The AUD/USD currency pair demonstrates an intense upward movement, gaining more than 600 points in 7 weeks. Now, we see how the quotation comes close to the range resistance level of 0.8110, without reducing the "bullish" interest. It is possible to assume that the current level can perfectly approach for stopping, where the "bears" will try to work out the value, forming as a fact a rollback, or correction.

Key levels

Resistance - 0.8110; 0.8280

Support - 0.7950; 0.7810

Attention: Forecasts are not a direct guide to action!

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