AUDUSD broke above the bearish trend line on the daily chart, suggesting that the downside movement from 0.8135 had completed at 0.7020 already.
AUDUSD broke above the bearish trend line on the daily chart, suggesting that the downside movement from 0.8135 had completed at 0.7020 already.
A further rally would likely be seen after a minor consolidation and next target would be at 0.7400 area.
Near term support is at 0.7180 and only a breakdown below this level could bring the price back towards 0.7020.
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