AUDUSD The Aussie dollar started the week with a strong rally against the US dollar after bouncing at 0.75172 support and breaking out above 0.75311. The rally came to an end after reaching 0.76018 resistance and numerous failed attempts to break through, eventually, the Aussie dollar gave up and came crashing through the support trend line and all the way down to 0.75556 support.
The Aussie dollar seems to have found temporary support at around 0.75556, and there is a possibility it could bounce at this level. If successful, we might see prices head back up to test the immediate resistance at around 0.7521- 0.75809. Failure could see prices crash through the price curve and head down to approximately 0.75311 support
The Aussie dollar seems to have found temporary support at around 0.75556, and there is a possibility it could bounce at this level. If successful, we might see prices head back up to test the immediate resistance at around 0.7521- 0.75809. Failure could see prices crash through the price curve and head down to approximately 0.75311 support
