According to the table pivots, the Australian dollar is trading above the weekly pivot and above the 200 day moving average periods (blue). It increases the probability that the pair could continue rising until the third resistance, 1.0638 weekly. A return to the level of the EMA 200 will be a good opportunity to buy back the pair. However, last week the pair could not overcome the resistance level of 1.0466. It is possible that there is a downward pressure at this level. The level that will provide a bullish rebound is 1.0374, at this level we can buy with objectives to the third weekly resistance. Therefore, we consider that the following signal will have validity for all this week.
1.0421 and 1.0389 are weekly and monthly pivot points for this week for AUD/USD.


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