Aussie last week saw a strong growth impulse, which slowed in the vicinity of the resistance at 0.7240. Currently, there is another attack on this area. The fate of this pair depends on its success. In the case of bulls’ advantage, the way to the high from September, and then perhaps to the more important, from July, will open.
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Resistance at 0.7240 is not as significant for AUDUSD. In the case of a breakthrough, the real test will be around 0.7300. Nevertheless, you can open a long, but the signals look better at lower time frame than H4, and such as – H1 or M30 seem more appropriate.If there are falls, the target for bears will be support at 0.7140. The price has reacted in these areas many times over the past few months. Along the way there is also a local barrier at 0.7190 determined by the last low. There you can expect the first attempt of defend by the demand side.