AUD / USD: Trading Recommendations-Analysis and Forecast-January 26, 2021

In the current situation, long positions are still desirable, so the 0.7723 resistance level breakdown is a signal to build long positions at AUD / USD, and the drop to 0.7639 support levels creates additional buying opportunities. (to see “Actual technical and fundamental analysis”)

Support levels: 0.7678, 0.7639, 0.7580, 0.7510, 0.7410, 0.7320, 0.7250, 0.7220, 0.7130, 0.7037

Resistance level: 0.7723, 0.7820, 0.7850, 0.7980, 0.8160

Trading recommendations

Sales stop 0.7625. Stop loss 0.7730. Take Profit 0.7580, 0.7510, 0.7410, 0.7320, 0.7250, 0.7220, 0.7130, 0.7037

Buy Stop 0.7730. Stop loss 0.7625. Take Profit 0.7820, 0.7850, 0.7980, 0.8160

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**) AUD / USD: Current fundamental analysis and market expectations