The Australian Dollar seems to be struggling to pick a direction to choose from against its US counterpart as of late. In the meantime, well-established support and resistance levels have formed and the gap between the two is slowly shrinking. These are the 76.4% Fibonacci retracement at 0.7651 and the descending line from March 16th respectively. Before AUD/USD got to where it is now, the pair has essentially been in a downtrend since ...
Go to Profile
Mark as Read