AUD/USD: key area at 0.7700 before US presidential
The AUD/USD shows clearly what are the key areas to be monitored. In previous octaves we saw resistance at 0.7700 always reject prices force. Despite all ,the market continues to be purchased every time prices from attempting a new descent, going to bounce on the long-term dynamic support.
It is important to watch what will happen with the US elections, as a strong depreciation of the US dollar could lead the Australian dollar to make the breakout of 0.7700. The exponential moving average at 100 periods provides additional detail the importance of this price zone.
Should the price go below 0,75.500 / 0,75,00, we would have high possibility of strong bearish movements.
It is important to watch what will happen with the US elections, as a strong depreciation of the US dollar could lead the Australian dollar to make the breakout of 0.7700. The exponential moving average at 100 periods provides additional detail the importance of this price zone.
Should the price go below 0,75.500 / 0,75,00, we would have high possibility of strong bearish movements.