AUD/USD starts a new week with a bullish trend domination

The Aussie continues to dominate entirely by the bulls and is expected to this week, this pair further strengthen its trend.

The AUD/USD is trying to break the resistance level at 0.9672. If the pair manages to break that level, it is expected to rise to the level of 0.9718. Moreover, this pair is likely to undertake a bearish rebound at current levels and fall to the support level at 0.9593. If the AUDUSD manages to break this support level, would be expected to fall to the level of 0.9517, which houses the 200 day moving average.

The MACD indicator remains in negative territory, so we must be careful with this pair to put sell orders.

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