The pair is currently oscillating between the range of 0.7472 and 0.7512 after today’s minor bearish gap upon market opening due to the yesterday’s Greek referendum results with the ‘’No’’ vote having reached approximately 61%.
The market sentiment on the AUD/USD seems to be a bullish one and in the scenario where the uptrend prevails, the pair could aggresively escalate as high as 0.7588 and 0.7648 respectively.
In contrast, in the event where the sellers resume forcing the price lower, the pair could decelerate as low as 0.7393.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.