On the AUD/USD daily chart, the bulls and bears continue to fight for the 0.749 level. If the “bulls” manage to hold prices above this level and test the resistance line at 0.76, the rally will continue in the direction of the lower border of the last upward trading channel.
Alternatively, if “bears” win the fight for the 0.7490 level and test the support at 0.742, there can be a restoration of the downtrend.
On the AUD/USD hourly chart, a breakout of the resistance at 0.749 will push prices higher towards the 0.7545 and 0.757 levels, where the sellers should display an active attitude.
Recommendations:
SELL 0,7545 SL 0,76 TP 0,742,
SELL 0,757 SL 0,7625 TP 0,742.
Origin: FX BAZOOKA
