The Australian dollar gapped higher at the open of yesterdays session. This was a very aggressive gap that managed to be closed during the US session. Price moved lower closed this gap and then rejected and moved much higher to finish well of the sessions lows.
The next resistance level comes in over head at around 1.0250. Traders could look for bearish Price Action at this level on the daily chart to get short.
Traders looking to get long with the recent up momentum could wait for a pullback into the support level around the Very Big Round Number of 1.000
AUDUSD DAILY CHART
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