AUD/USD pressuring resistance at 0.7977 – FXMarketAlerts

FXStreet (Barcelona) - The FXMarketAlerts Team gives the technical outlook and key levels for AUD/USD, expecting a break above 0.7977 to pave way for 0.80 and 0.8076.

Key Quotes

“Further extend rally from the .7788 low to pressure strong resistance at .7977. Follow-through here needed to expose the .8000 level then the .8076 high to retest. Downside seen limited with support now at .7918 then the .7860/50 area.”

“R3: .8076 * 29 Apr high

R2: .8023/28 30, 28 Apr highs

R1: .7977 * 29 Apr low

S1: .7918 intraday level

S2: .7860/50 intraday level

S3: .7800 figure”