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Monday, 5 June 2017
Daily Analysis of AUD/USD
During the trading hours yesterday, the Australian dollar lowered its value from 0.7429 USD to 0.7374 USD. This morning the currency pair is trading at 0.7391 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.7415 - 0.7428 USD, the aim will be reaching and testing the zone 0.7476 - 0.7483 USD. If it is successful, the upward trend will continue to 0.7415 - 0.7428 USD. If Australian dollar drops below the support levels at 0.7345 - 0.7332 USD, it will try to find next support at 0.7317 - 0.7310 USD. In case of breaking down, the downward trend will continue to 0.7262 - 0.7249 USD.