Yesterday, the AUD/USD was trading lower and closed the day in the red around the $0.7045. Today it was trading in a narrow range of $0.7040-60, staying close to a 10-week low. On the hourly chart, AUD/USD is still trading below the moving average MA (200) H1 ($0.7225). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading and while the AUD/USD remains below MA 200 H1, it may be necessary to look for entry points to sell on the formation of a correction.
Resistances levels are at: $0.7080, $0.7130, $0.7175
Support levels are at: $0.7015, $0.6990, $0.6965
Probably, the main scenario - is the continuation of the downward movement to $0.7015 (Sep 24 low). An alternative scenario - may be consolidation above MA 200 H1 with a subsequent rise to $0.7320 (Sep 21 high).
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