AUD/USD Price Analysis: Bulls eye daily trendline resistance and a confluence near 0.6800 AUDUSD Currencies DollarIndex RBA Fed
AUD/USD Price Analysis: Bulls eye a correction to test dynamic resistanceIt was explained that while potentially on course for a full test of last month's lows, AUD/USD was in a correction zone and the trendline resistance was compelling for a target ofAUD/USD has reached toward a 50% mean reversion area and is starting to come under pressure. However, that is not to say that the correction is on the way out.
A target of the 78.6% Fibonacci higher up near 0.6800 would align with the daily trendline resistance as follows:Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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