FX.co ★ AUD/USD Update for August 10,2021

Technical analysis:

AUD/USD has been upside and there is more potential for the bigger rally towards the 0,7400.

Trading recommendation:

Due to the lack of sellers around previous week low at 0,7330 I see potential for the rally.

Watch for buying opportunities on the pullback with the upside target at 0,7400.

Stochastic is showing fresh bull cross, which is another sign and confirmation for the downside rotation.

Key support is set at 0,7317