AUDUSD has continued its uptrend and broke key price level 0.7000, then retracing back to previous demand zone.
With the DXY still breaking lows, the dollar weakness may prevail, allowing the AUDUSD to continue climbing.
Watch price closely to see if current low is supported, if not, price may dip further before resuming the current bullish trend.
The next demand zone will be at 0.6860-0.6845.
With the DXY still breaking lows, the dollar weakness may prevail, allowing the AUDUSD to continue climbing.
Watch price closely to see if current low is supported, if not, price may dip further before resuming the current bullish trend.
The next demand zone will be at 0.6860-0.6845.