At the H1 chart AUDUSD is in consolidation, evidenced by a sequence of irregular lows and highs. Another tool to help define consolidations are the moving averages EMA H1 (75- and 100-periodic), which are flattened. Currently, you can see that the price is testing the strong support at the 0.7690 level. Levels below have been frequently used by the bulls. Probably soon will be seen gains in the currency pair. Strong resistance is at around 0.7700.


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