The Australian dollar has been holding on to its defence line well since bouncing back at around 0.67000 at the beginning of this month August 2019.
The latest price action has shown some strength in its defence line at around 0.67452 support which prices bounced off in two occasions when it was tested towards the end of last week trading session.
The Aussie dollar finished last week session heading up towards 0.68086 after bouncing back from the bottom of the uptrend channel and 0.67452 support. The future direction of the pair is pointing towards the upside; however, it needs to break and remain above 0.68085 to continue to its next challenge at 0.68500.
The latest price action has shown some strength in its defence line at around 0.67452 support which prices bounced off in two occasions when it was tested towards the end of last week trading session.
The Aussie dollar finished last week session heading up towards 0.68086 after bouncing back from the bottom of the uptrend channel and 0.67452 support. The future direction of the pair is pointing towards the upside; however, it needs to break and remain above 0.68085 to continue to its next challenge at 0.68500.
