As many other AUD/XXX charts, this pair is struggling to make any gains due to falling AUD currency. As it can be seen on the weekly chart. the pair has retraced and touched triangle support around 1.05.



Currently, we are recovering from this fall and approaching key resistance - 100 and 200 daily moving average. If passed, expect another test of the triangle resistance.



We expect the price to recover more in the coming weeks and another test of the green horizontal box of support/resistance can be expected.
Translate to English Show original