AUD/USD Daily Forecast - 4 July

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Tuesday, Jul 03 2018

AUD/USD Daily Forecast - 4 July

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.

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).

More in this category: « EUR/USD Daily Forecast - 3 July GBP/USD Daily Forecast - 4 July »

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