Resistance at 0.7800 Stay strong...The U.S. Dollar Index failed to settle above the resistance at the 50 EMA at 91.80 and is moving towards the nearest support level at 91.50. If the U.S. Dollar Index manages to settle below the support at 91.50, it will move towards the next support level at 91.30 which will be bullish for AUD/USD.
If AUD/USD settles below the support at 0.75185, it will head towards the next support level which is located at coordinate 0.7340.
On the upside, a move above the resistance at 0.7750 will push AUD/USD towards the next resistance at 0.7775. In case AUD/USD gets above this level, it will head towards the resistance at 0.7800.
A successful test of this level will open the way to the test of the resistance at 0.7820.
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