The price of AUD/USD would consolidate below 0.7524, and that there was further resistance not far beyond that.
I was mostly correct although the price has managed to get just a few pips beyond 0.7524.
We see the price still acting bullishly and respecting support, but there has been little change as we still see this area of strong resistance below 0.7600, and I continue to doubt whether the price can reach much higher over the short term. Having said that, the price does not look ready to begin falling in a meaningful way either.
I was mostly correct although the price has managed to get just a few pips beyond 0.7524.
We see the price still acting bullishly and respecting support, but there has been little change as we still see this area of strong resistance below 0.7600, and I continue to doubt whether the price can reach much higher over the short term. Having said that, the price does not look ready to begin falling in a meaningful way either.