Currently, AUD/USD is trading at 0.6970. The pair is consolidating in the resistance and support . There is a small possibility for the pair to change the trend right now, it will consolidate in the resistance and support for some time before coming into a particular 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.