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AUDUSD Technical Analysis 16-Jul-2018


AUDUSD is one of the most predictable forex pairs, as we can see after it broke the support it is now trading in a range and the price might spend some time between 0.74691 to 0.73331 unless there is some good news either against AUD or USD. The price is low so we can say there must be more buying interest on the level 0.73331 and it is a good buying opportunity. and we can premise if it reaches 0.74691 and shows some selling signal, that's where the market considers selling more.

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