AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
AUD/USD: confirmed 'Double Bottom'
2019-11-11 • Updated
There's a 'Double Bottom', which has been confirmed enough, so the pair is rising. The main bullish target is the nearest resistance at 0.6962 - 0.6987 and the 89 Moving Average. The subsequent pullback from these level could be a starting point for another decline towards the next support at 0.6908 - 0.6891.
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