AUDUSD Forecast

The currency pair started the day dropping till the 0.89455 level which is a significant support level on the hourly chart. That being said, I would recommend a BUY for this currency at these levels; 0.89455, 0.89770, and 0.89900. The first resistance level would be at 0.90150, followed by 0.90548, and 0.90918. If you had followed my previous posts, my ultimate target price for this currency pair is 0.90918. Given that the currency has hit a significant support level on the hourly chart, a BUY would be strongly recommended. On top of that, there is a large trading volume at the support level of 0.89455, thus making it a good time to buy this currency pair.