The initial resistance for the pair aligns at 0.7400 (daily high/Jul. 2 high) ahead of 0.7445 (Jun. 22 high) and 0.7500 (psychological level/50-DMA). On the downside, supports could be seen at 0.7310 (daily low/Jul. 2 low), 0.7240 (Dec. 19, 2016, low) and 0.7160 (Dec. 23, 2016, low).
AUD/USD Daily Forecast - 4 July
- Tuesday, Jul 03 2018
The AUD/USD pair advanced all the way up to 0.74 on Tuesday and made a small correction before going into a consolidation phase as trading volume thins out with American traders wrapping up the day early ahead of the Independence Day holiday. As of writing, the pair was trading at 0.7383, adding 0.6% on the day.