AUD/USD Forex Signal: Choppy Advance

The AUD remains vulnerable to a sudden deterioration of risk sentiment.

I wrote last Tuesday that unless we get some news of a deal that will prevent war, I think that today will be a down day in this currency pair. A conservative approach would be to wait for the price to get established below the support level at 0.7082 and then use it as resistance for a trade entry point.

we must expect that sentiment will probably see-saw on this for another two weeks or so before things become clear one way or the other The price has not only moved higher since Tuesday but has also printed a new higher support level at 0.7157.

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