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The AUD/USD pair rallied above an important technical resistance concourse (0.6759).
Today, the support levels are set at the prices of 0.6759 and 0.6781 on the H4 chart.
The support from a horizontal level at 0.6759 has been holding the upside and daily closes have been held by the 100-day moving average.
The AUD/USD pair faced support at the level of 0.6759, while minor support is seen at 0.6781. Resistance is found at the levels of 0.6860 and 0.6899.
Right now, the AUD/USD pair is continuing to move upwards from the level of 0.6781.
In consequence, the AUD/USD pair broke resistance, which turned strong support at the level of 0.6759. Today, the level of 0.6759 is expected to act as major support.
Hence, we expect the AUD/USD pair to continue moving in the bullish trend from the support level of 0.6759 towards the target level of 0.6860.
If the pair succeeds in passing through the level of 0.6860, the market will indicate the bullish opportunity above the level of 0.6860 in order to reach the second target at 0.6899 to test the double top.
However, the price spot of 0.6899 remains a significant resistance zone. Thus, the trend will probably be rebounded again from the double top as long as the level of 0.6899 is not breached.
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