Hi there
R: 0.7800 / 0.7820
S: 0.7765-60 / 0.7740
The Aussie has had a sharp corrective 0.7770-65, as we’d feared it might. It has important Support at 0.7760, which comes on the trendline on the 4-Hourly joining the Lows of 0.7699 (31-Jan) and 0.7747 (05-Feb). Note that the statistically projected Max Low for the day is at 0.7765. These Supports are expected to hold, and push the Aussie back up towards 0.7800, the immediate Resistance. However if broken, there could be a fall towards 0.7740.
Good luck
R: 0.7800 / 0.7820
S: 0.7765-60 / 0.7740
The Aussie has had a sharp corrective 0.7770-65, as we’d feared it might. It has important Support at 0.7760, which comes on the trendline on the 4-Hourly joining the Lows of 0.7699 (31-Jan) and 0.7747 (05-Feb). Note that the statistically projected Max Low for the day is at 0.7765. These Supports are expected to hold, and push the Aussie back up towards 0.7800, the immediate Resistance. However if broken, there could be a fall towards 0.7740.
Good luck