FX.co ★ torp.paris | AUD/USD

Hello traders, AUD/USD Н1 Murrey Levels

Currently, the pair continues its southern direction and is trading near the support level of 0/8. It is clear that in this case, the moving average is above the quotes, acting as support for the south, and of course, resistance in case the quotes move north. The absolute minimum is at the level of -2/8, and at the moment, the quotes may be aiming for it. Upon reaching this level, it is understandable that they may turn north. A breakthrough of this support represents the strength of the bears. However, a northern direction can be taken from the 0/8 support, and this should be understood as it is still a strong support. Good luck.