The Australian Dollar looks to be continuing to weaken against the US Dollar, with a couple of significant levels now in play.
The downwards trend line has been in place since the beginning of 2018 and has seen it accepted with price reversals multiple times.
The dotted line indicates an area of minor support, which the price has been interacting with recently and has now broken through on the daily chart.
Below the price there is a major support level which we anticipate will attract price in-line with the continued weakness.
The downwards trend line has been in place since the beginning of 2018 and has seen it accepted with price reversals multiple times.
The dotted line indicates an area of minor support, which the price has been interacting with recently and has now broken through on the daily chart.
Below the price there is a major support level which we anticipate will attract price in-line with the continued weakness.