Technical analytics


The AUD/USD pair remained in a downward channel on Tuesday. Buyers’ attempt to build on a correction failed. The spot stopped a few pips below 0.7800.  in a small range, between 0.7750 and 0.7765. The pair preserved its neutral-to-bearish tone during the day session. The resistance is at 0.7800, the support stands 0.7750.

The pair may start a decline any moment now. A close below 0.7750 will generate fresh bearish signal for further advance towards 0.7700.

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