Yesterday the AUD/USD traded in different directions in the range of $0.7275-$0.7310 and closed the day without significant changes. Today it was also trading in a narrow range of $0.7265-80, staying close to yesterday's closing price. On the hourly chart, AUD/USD is still trading above the moving average line MA (200) H1 ($0.7210). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the north direction in trading, and while the AUD/USD remains above MA 200 H1, it may be necessary to look for entry points to buy for the formation of a correction.
Resistances levels are at: $0.7310, $0.7345, $0.7370
Support levels are at: $0.7245, $0.7200, $0.7145-55
Probably, the main scenario is an upward move towards $0.7310 (Jan 13 high). Alternative scenario is final consolidation below MA 200 H1 followed by decline to $0.7130 (Jan 7 low).
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