The Australian dollar currency has staged a correction back towards key technical support against the US dollar in early-week trading. Traders that are bulls towards the AUDUSD pair could use the latest price dip back towards the 0.7700 level as a major buying opportunity. If the AUDUSD pair does start to weaken under the 0.7700 level, then dip-buyers may start to exit their position.
The AUDUSD pair is only bullish while trading above the 0.7700 level, key resistance is found at the 0.7750 and 0.7790 levels. The AUDUSD pair is only bearish while trading below the 0.7700 level, key support is found at the 0.7680 and 0.7645 levels.