Technical Analysis – AUDUSD held below downtrend line; lower Bollinger band tests sellers
AUDUSD is in the process of pushing past the 0.6810 level, an area where the swing low, 50-day simple moving average (SMA) and lower-Bollinger band are presently located. The pair’s latest drop to the lower band comes after unsuccessful efforts to breach a fortified region around 0.6925 to 0.6936, which encompasses various resistance obstacles. The […]