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AUDUSD pulls back from a 3-month high
video AUDUSD had been in an aggressive decline following a double top pattern in mid-July, with the pair posting consecutive multi-month lows. Even though the price spiked upwards following its bounce off the one-year low of 0.6271, its advance seems to be faltering, despite the momentum indicators being tilted to the upside. Should the recent setback extend, the price could initially test the May low of 0.6457. A break beneath that region could pave the way for August-September support of 0.6363 ahead of the November bottom of 0.6337. Failing to halt there, the pair might revisit its one-year low of 0.6271. On the ... (full story)