AUD/USD Price Analysis: Teases intraday low near 0.7550, monthly support line defends bulls

AUD/USD drops to 0.7560, down 0.28% intraday, whilst heading into Tuesday’s European session. The aussie pair took a U-turn from an upward sloping vogue line from November 23 the preceding day.

However, the corrective healing cools off-late, amid ordinary RSI conditions, which in flip suggests every other try to ruin the noted guide line, at 0.7515 now.

Although AUD/USD customers are possibly to return round the 0.7500 threshold, any errors will recall the early-month top surrounding 0.7450.

Meanwhile, a downward slopping vogue line from remaining Thursday, presently round the 0.7600 round-figure, guards the pair’s immediately upside.

Should AUD/USD bulls manipulate to triumph over the 0.7600 hurdle, the month-to-month top of 0.7640 holds the key to a clean excessive considering that June 2018, round 0.7680.


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