AUD/USD

AUDUSD

Buyers lost upside momentum after reaching the 0.7850 area. The AUD/USD pair turned neutral after that and continued trades in a tight range between 0.7880 and 0.7850. The resistance is at 0.7900, the support stands 0.7850.

A move above 0.7880 will put on hold bears’ plans. A new incline will help to neutralize the selling pressure further. The price may advance to the 0.7920-0.7900 resistance area afterwards.

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