AUD/USD remains in the downtrend from 0.7813, the bounce from 0.7472 is likely consolidation for the downtrend. Range treading between 0.7472 and 0.7590 would likely be seen in a couple of days. As long as 0.7590 resistance holds, the downtrend could be expected to resume and another fall towards 0.7300 is possible after the consolidation. Only a breakout of 0.7590 resistance could signal completion of the downtrend.
Search
New Posts
Mars to Buy Pringles Maker Kellanova for $36 Billion: A Big Deal in the Snack World
Volvo Cars to Deliver First EX90 SUVs This Month After Delay
Housing Market Filled With ‘Wait-and-See’ Home Buyers
AI Dataset Licensing Companies Form Trade Group
New Tom Hanks Film “Here” and the Unsettling ‘De-Aging’ Technology Keeping Stars Forever Young
Leave A Comment