AUD/USD weakening from trendline resistance
AUD/USD has similarly been trying to regain ground of late, with price rising into a somewhat mid-sized retracement level.
Despite that, we have seen a move into a descending trendline, which does highlight the potential to move lower once again here. There is a good chance that we will see the bears come back into play here, with any short-term upside perceived as a retracement unless the price rises through the $0.7503 swing-high.
Read More: EUR/USD, GBP/USD and AUD/USD expected to reverse lower after retracement |