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koppy

Price at recently broken resistance, wait to see behavior.

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
koppy Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis AUDUSD Technical Analysis
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trendanalysis chartpattern waveanalysis audusd technicalanalysis
Price on AUDUSD recently broke through a pretty significant resistance level and is currently coming back down to retest the level. Recommended action is to wait to see if the price respects the previous resistance as a new support, or breaks through the level again.
Comment:
Price bounced off of the support level and has gone back down to approach it again. Seems to be respecting the support level yet again.
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