Trading Support and Resistance \u2013AUD/USD

I had expected the level at $0.7063 might act as resistance in the AUDUSD currency pair last week- Forex Trading FX Money Markets

Let us look at the relevant data of currency price changes and interest rates to date, which we compiled using a trade-weighted index of the major global currencies:For the month of January, I forecasted that the EUR/USD currency pair would rise in value and that the USD/JPY currency pair would

fall in value.Last week, I made no weekly forecast. This week, I again make no weekly forecast, as there were no unusually strong truly counter-trend price movements in the market last week.Last week was dominated by relative strength in the New Zealand Dollar, and relative weakness in the Japanese Yen.

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