AUD/USD is moving towards a line of 0.7046 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 0.7046 within the next 12 hours.
Important price line being approached by AUD/USD. This price has been tested numerous times before.
