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Australian Dollar Short-term Outlook: AUD/USD Bulls Eye Resistance

From forex.com

The Australian Dollar rallied nine of the past twelve sessions with a four-day stretch taking AUD/USD towards a key technical confluence. While a breakout of the November opening-range keeps the focus higher, the advance may be vulnerable into this threshold and the Aussie battle lines are drawn heading into the close of the month. These are the updated targets and invalidation levels that matter on the AUD/USD short-term technical charts. Technical Outlook: The Australian Dollar is trading within the confines of an ascending pitchfork extending off the October lows with a breakout of the November opening-range last ... (full story)

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  • Category: Technical Analysis