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Australian Dollar Forecast: AUD/USD Price – Critical Levels To Keep In Focus – DailyFX
Last week, AUD/USD hit a year and a half -high then retreated after. Will the market mood continue upbeat?
Aussie Dollar vs US Dollar Technical Outlook
- Bulls momentum eased up, but the bias higher remained
- Positive outlook while above 0.7300 threshold
AUD/USD Price Bulls Pullback
Last week, AUD/USD hit an 18-month high of 0.7243 and retreated after as some bulls seemed to cut back. Ultimately, a weekly candlestick closed with a Doji pattern highlighting the markets indecision.
Alongside that, the Relative Strength Index (RSI) fell from 69 to 59 signaling that bulls were…
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