Financial Insights That Matter
AUD/USD continues to slip
AUD/USD’s slide through the January tentative support line at $0.6248, now because of inverse polarity a resistance line, has the mid-December low at $0.6199 in its sights.
Only if last week’s high at $0.6330 were bettered, would a medium-term bullish trend reversal be in the making.
AUD/USD daily chart
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