The Aussie enjoyed a more peaceful trade last week, with bullish movement seen in AUD/USD compared to the previous one. The pair placed a high around $0.7160 to enter the overbought region. The relative strength index and stochastics are in overbought range, indicating a potential retracement in the pair. The pair may drop towards $0.7130 today.
Support Resistance
0.708 0.7175
0.702 0.7209
0.6925 0.7304
Key Trading Level: 0.7114


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