Today we will focus on the AUD / USD currency pair.
Strong support formed at 0.7025 in September and October. A strong upward movement started from this support. The dynamic trend has so far not been broken.
A support zone has currently formed at 0.7662. Above, AUD / USD is capped at the resistance at 0.7798. In addition, a wedge pattern has formed. This has now been tested six times on the top and bottom.
Downside breakouts would be possible below 0.7680 to 0.7662. To break out to the top, the 0.7780 to 0.7798 range would have to be exceeded.
