AUD/USD: Rebound to extend on a cross above key resistance zone at 0.6810/0.6850 – SocGen AUDUSD Technical Analysis Banks
Daily MACD has been posting positive divergence denoting receding downward momentum.
AUD/USD is approaching the peak achieved in April near 0.6810/0.6850; this remains a key resistance zone. If the pair establishes above this hurdle, the rebound is likely to extend towards 0.6910 and perhaps even towards 0.7000, the 76.4% retracement from February.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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