AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
AUD/USD broke major support level 0.7500
2019-11-11 • Updated
- AUD/USD broke major support level 0.7500
- Next sell target - 0.7400
AUD/USD recently broke the major support level 0.7500 ( which stopped the sharp downtrend in December and which reversed the price at end start of April, as can be seen from the daily AUD/USD chart below). The breakout of this support level should strengthen the bearish pressure on this currency pair. AUD/USD is expected to fall toward the next sell target at next support level 0.7400.
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