The Australian Dollar (AUD) caught a bounce from 0.6300 against the US Dollar (USD) in Monday’s trading

Sentiment is: Positive

Technical Analysis

AUD/USD is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 19 days and may test it again within the next 3 days.

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