The AUD/USD currency pair has become stable after prolonged growth. Aussie is currently consolidating. There is no defined trend. The current technical pattern signals a possible correction of quotes. The AUD/USD currency pair is testing a "mirror" resistance of 0.6635. The nearest support is 0.6590. We recommend paying attention to this situation.
If the price fixes below 0.6590, AUD/USD quotes are expected to correct. The nearest goal for profit-taking is the level of 0.6550. The movement is tending to 0.6510-0.6470. Confirmations and market entry points should be looked for on lower timeframes. When following positions, we recommend using a trailing stop.
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.Open Account