23, August 2016

AUD/USD(a 4-hour chart)

General review

During the Asian session, the pair AUD / USD, dropped below the key resistance level of 0.7672. At the end of the previous week's market AUDUSD failed to consolidate above 0.7672, which could mean the development of medium-term growth. We do not exclude attempts to test this level in the near future.

Current situation

In terms of technical analysis, it is preferable to wait for consolidation with the possible development of the downward correction. Close support area is at 0.7540-0.7580 levels