Since beginning of the year aussie has been trading in a big range zone with the big round number and psychological figure 0.7500 acting as support and 0.8000 another big round number acting as resistance. It also may be the case we're forming a head and shoulders pattern(see Figure 1) in which case we should expect another rally towards 0.7800 level to form the right shoulder.
Major Levels to watch:
[list][/list]…
Major Levels to watch:
[list][/list]…