It's likely that the pair is going to touch the previously tested resistance at 0.7131. If a pullback from this level happens next...
Tag - aud - australian dollar
AUD/CAD met resistance at the line connecting December and March highs.
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EUR/AUD rose to the 50-week MA around 1.5855 (weekly pivot) but then was rejected down.
AUD/CHF met resistance around 0.7115/20 (50- and 100-days MA).
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It's likely that the pair is going to reach the previously tested resistance at 0.7167. If a pullback from this level happens next...
Have a look at the weekly chart: AUD/USD is facing resistance in the 0.7130 area.
Previously, we had a 'Head & Shoulders' pattern, so it's likely that the market is going to achieve...
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