ANALYSIS: AUDUSD TO KEY WEEKLY TRENDLINE
AUDUSD will also benefit from any USD weakness this week and price is currently sitting in a minor resistance zone.
With the USD weakness, we could see prices push towards the weekly trendline resistance. If price can pullback into the 61.8 Fibonacci retracement tool we could look for bullish price action into the 1.1618 Fibonacci extension.
With the USD weakness, we could see prices push towards the weekly trendline resistance. If price can pullback into the 61.8 Fibonacci retracement tool we could look for bullish price action into the 1.1618 Fibonacci extension.