AUDUSD is testing the resistance at the falling trend line. Near term support is at 0.6200; a breakdown below this level would indicate that the upside movement had completed at 0.6444 already.
AUDUSD is testing the resistance at the falling trend line on the daily chart. A breakout of the trend line resistance could take the price to the 0.6800 area. Near term support is at 0.6200; a breakdown below this level would indicate that the upside movement had completed at 0.6444 already. Then, a deeper decline towards 0.5800 could be seen.
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