Mon, 16 May 2022 10:14:58 GMT
AUD/USD pierces descending pattern
At midnight to Monday, the AUD/USD currency pair shortly reached above the weekly simple pivot point at 0.6945 and the 0.6950 level. However, after shortly touching the 0.6960 level, the rate declined back below 0.6900.
If the Australian Dollar declines against the US Dollar, the currency pair might look for support in the early Monday's low level at 0.6875, before