The AUDUSD currency pair has given a daily timeframe Pin Bar, at the previous swing-high level, after rallying to a high around 1.0624 last week. The AUD has has gained on broad-based risk sentiment (US Federal Reserve’s new stimulus plans) but is hesitating at this technical level. This price action comes just above the 1.0500 round number. A break below this level would add additional weight to a corrective move lower scenario. Price broke above a descending trend line, coming from the 1.0855 early Feb swing high, and closed below after forming this Pin Bar. Any downside could potentially see support at the ... (full story)