AUD/USD – Watch that daily close

  • AUD/USD has broken above the descending channel that started in early July
  • A daily close above the channel & 0.7360 resistance would confirm the short-term bottom at 0.7230 and pave the way for further gains
  • Imminent resistance seen at 0.7450, with 0.75 the next significant level
  • However, with NFP on Friday, there might be better opportunities in the AUD crosses, like AUD/CAD or AUD/NZD


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