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AUD/USD – approaching a price line that has been previously tested numerous times in the past

AUD/USD is moving towards the resistance line of a Resistance. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 15 days and may test it again within the next 3 days.

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After testing the resistance line numerous times, UK100 is once again approaching this line. Can we expect a bullish trend to follow?

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EUR/NZD Target Level: 1.6871

EUR/NZD Target Level: 1.6871

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