Currently, AUD/USD is trading at 0.6310. After trading in uptrend from last week, price has now touched its resistance level at 0.6308 and it may rebound back from here. If it breaks support level at 0.6261, then pair may come into a downtrend and its small support at 0.6185 will be its first target.
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Rishikesh Lilawat
Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.
