AUD/USD is moving towards a line of 0.6790 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If AUD/USD continues in its current trajectory, we may see it move towards 0.6790 within the next 5 days.
AUD/USD seems to be on its way to support – a possible opportunity?
