AUD/USD: positioning for a return to 0,7280?

FXStreet — The AUD/USD traded last on 0,7384 and to 0.47 per cent in the Minus after the high and Low prices of the last 24 trading hours at 0,7427 or 0,7380 was marked.

AUD/USD Important levels

The currency pair AUD/USD failed at both the 200-day line as well as at the three month resistance line at 0,7533/50. This has opened the bottom.

«The market has now reached the 61.8% Fibonacci level at 0,7382 and the destination remains the base of the triangle at 0,7287,» said Commerzbank market analyst. «A slip of the practice, the chart technical situation massively worse. The repeated failed attempt at a 0,7750/0,7836 a top formation suggests, the aim of which is the Basis of the Range in 0,7287“.

** FXStreet News Editorial, FXStreet**

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