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ChristieCapital

Can the AUD continue to rise towards key resistance?

Long
Australian Dollar / U.S. Dollar (FOREXCOM:AUDUSD)  
ChristieCapital  
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Technical Indicators
4
0
indicator
The AUD/USD pair gained ground on Wednesday as prices remain supported by a rising trend line inside a bullish channel. As long as the pair can remain above 0.6165 support look for a test of key overlap resistance at the 0.6685 level where X marks the spot. A break below 0.6165 may confirm declining trend line resistance in place since Dec 2019 and pressure the pair down towards 0.598.
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