OANDA:AUDUSD   Australian Dollar / U.S. Dollar
AUD/USD failed to close above this key level before market closure.

It has tested this support level twice and I think we could see a potential reversal back down to the support level .

If it retests this then I could see it taking a bullish run through the key level and to the higher resistance level marked.

However, it could simply penetrate the key level area on market open and continue the bullish trend right up to resistance level .

If we see another candle close comfortably above the key level area marked then it should continue this run.