AUD/USD Price Analysis: Bulls meet channel resistance near 0.6650, but committed from 0.6600 AUDUSD Technical Analysis
A correction is underway but bulls remain committed at 0.6600 support., the price rallied into and beyond the M-formation´s neckline which was forecasted to be a pull on the Aussie for the open. ´´The M-formation is a reversion pattern and the price can be pulled into the neckline for a restest which is yet to play out, so far. However, it is worth noting for the open The bulls are in the market and the correction of the opening rally is stalling above 0.66 so far.
A break has occurred through a micro trendline resistance with more work to do from the bulls to get over the line. 0.6620 will be a milestone on the onward´s journey for laying down the foundations of a continuation beyond 0.6650. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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