Against the backdrop of the weakening of the US dollar and the strengthening of the Australian currency, the pair's quotes manage to show an upward trend fourth trading day in a row. But with such a powerful strengthening quotes managed to approach to a very important resistance level of 0.7515/25.It is noteworthy that this level is not only a maximum of 13 and 14 December, and a minimum of November 11-15. All this indicates a high degree of importance of the marked level of resistance. Accordingly, the risk of corrective decline remains high.
The nearest support level stands at a mark of 0.7455, a break of which would open the way to 0.7430. However, more important still will the support area of 0.7350-0.7370. Until the return of the pair's quotes below the marked area of support, the overall mood remains "Bullish".
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