AUDUSD back tests break out area

AUDUSD has marginally broken above a major downward sloping trend line resistance last week but now price is pulling back below the trend line. AUDUSD is back testing this break out area. Red rectangle – resistance (previously), now support Green line – trend line resistance (broken) AUDUSD has support at 0.7030-0.7040 and resistance at 0.7060. […]