Currently, AUD/USD is trading at 0.7303. The pair is trading in upward resistance and support channel and about to break its entry level. The price is moving towards its at 0.7200 and it can rebound back after touching . So, it it breaks the entry level at 0.7300, it may continue its down trend and can touch its target price ( ) at 0.7200.
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Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.