AUD/USD – Stuck at long-term trend line hurdle
Trend line drawn from September 2001 low and October 2008 low comes around 0.7677.
So far this month, the spot clocked a high of 0.7732 and currently trades around 0.7650.
Monthly RSI has already breached the falling trendline. So we hope the pair would take out 0.7677 and move towards long-term falling trend line hurdle noted around 0.7950 levels.
So far this month, the spot clocked a high of 0.7732 and currently trades around 0.7650.
Monthly RSI has already breached the falling trendline. So we hope the pair would take out 0.7677 and move towards long-term falling trend line hurdle noted around 0.7950 levels.
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