AUDUSD remains range-bound below 0.6930
AUDUSD📉the pair will likely remain indecisive as long as the price is between 0.6930 resistance and 0.6830 support.
The latter is the bottom of the ascending channel that extends from the October 2019 lows.
If we do see buyers close the pair above 0.6930, the AUDUSD would likely trend higher toward 0.7015.
A daily close below ascending channel support, on the other hand, would be a little more difficult to figure out.
The latter is the bottom of the ascending channel that extends from the October 2019 lows.
If we do see buyers close the pair above 0.6930, the AUDUSD would likely trend higher toward 0.7015.
A daily close below ascending channel support, on the other hand, would be a little more difficult to figure out.