The AUD/USD pair exhibits a strong bullish trend, indicating a potential continuation of the upward momentum. The 1st support at 0.6757 (overlap support and 50% Fibonacci retracement) and the 2nd support at 0.6699 (overlap support and 61.8% Fibonacci retracement) act as significant rebound zones. On the upside, the 1st resistance at 0.6901 (overlap resistance) and the 2nd resistance at 0.6977 (Fibonacci confluence) may impede further upward movement.
The material has been provided by InstaForex Company – www.instaforex.com
The AUD/USD pair exhibits a strong bullish trend, indicating a potential continuation of the upward momentum. The 1st support at 0.6757 (overlap support and 50% Fibonacci retracement) and the 2nd support at 0.6699 (overlap support and 61.8% Fibonacci retracement) act as significant rebound zones. On the upside, the 1st resistance at 0.6901 (overlap resistance) and the 2nd resistance at 0.6977 (Fibonacci confluence) may impede further upward movement.
The material has been provided by InstaForex Company – www.instaforex.com
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