AUD/USD trading above the strong support level of 0.7600 as we can see in the trading chart given below.
Currently, the market is having low Volatility as traders await ECB & New Home Sales.


USD: New Home Sales
Previous: 654K
Forecast: 598K
The decrease in New Home Sales is likely to weaken USD causing buy in AUDUSD.

Technical Levels:

S 0.7584 0.76 0.7611
Pivot: 0.7628
R: 0.7644 0.7655 0.7672


– Breakage below 0.7600 is likely to lead the market to next target level of 0.7560
– Breakage of resistance @ 0.7623 is likely to lead the market towards 0.7650 & 0.7675.

Good to buy above 0.7620
SL: 0.7590 TP: 0.7650 / 0.7670

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.