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AUD Poised for a Move to the Long Side

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The AUD has had a tumultuous couple of week as the currency has battled against a highly bearish trend line. However, the AUD might finally be turning the corner as the currency recently broke through and held steady after a retest of the bearish trend. Last Friday was an important day for the embattled pair as price action moved sharply above the long term bearish trend line. However, the real litmus test was whether the move could survive a retest of the bearish trend. That retest came early

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