The AUD/USD pair has been trading upwards since Thursday, the 24th of March 2016, with the buyers leading the price from as low as 0.7477 to as high as 0.7570.
Today the pair price open at 0.7540 and rose up to 0.7570, but at the time of writing is trading at 0.7524.
In the event that the sellers force the price lower and break below the 0.7512 zone, the price could go down to 0.7499 and 0.7477 in extension.
Alternatively, in the scenario where the buyers manage to break above the 0.7555, the price could escalate up to 0.7578 and 0.7602 respectively.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.