AUDUSD fail to break above the descending trendline and drop back to test the 21MA of 4hr tf. The pair had a significant rally to the 78.6% retracement yesterday. The support is at 0.9925 and 0.9880 while resistance is at 1.002.
AUDUSD had a bullish candle indicating the bullish trend. The pair is trading just below the 21MA of the daily chart. The pair had tested the 21MA line many times but fail to break above it. The support is at 0.998 and resistance is at 1.008.
By The Backyard Burner
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