Currently, AUD/USD is trading at 0.6938. The pair is trading in an up trend from 19th May after breaking resistance level at 0.6544. Although, the pair has already touched its first target at 0.6777 and the second target at 6921. Now the pair is hovering in the resistance zone and soon it may come in a down trend.
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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.