- Adding to the Aussie surge was also due to further gain in Crude oil prices, as International Energy Agency (IEA) said in a report that markets may have reached its bottomed
- Currently the pair is making an attempt to test resistance level at 0.7573.
- Further declined towards lower side is limited as the pair finds strong support at 0.7468 which should limit downside and bring a rebound back towards higher levels.
- To the upside, the strong resistance can be seen at 0.7631, a break above this level would take the pair towards next resistance level at 0.7680.
- To the downside immediate support can be seen at 0.7468, a break below this level will open the door towards next level at 0.7445.
Resistance Levels
Support Levels
- S1:0.7468 (50% Retracement level)
- S2: 0.7445 (Daily lows)
- S3: 0.7323 (61.8% Retracement level)
