During the trading hours yesterday, the Australian dollar lowered its value from 0.7845 USD to 0.7755 USD. This morning the currency pair is trading at 0.7785-0.7830 USD.
According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.7840-0.7855 USD, the aim will be reaching and testing the zone 0.7880-0.7905 USD. If it is successful, the upward trend will continue to 0.7930-0.7945 USD. If Australian dollar drops below the support levels at 0.7820-0.7800 USD, it will try to find a next support at 0.7775-0.7760 USD. In case of breaking down, the downward trend will continue to 0.7740-0.7720 USD.
Source: http://www.trading212.com/en/Financial-Analyses/2015-02-20/
