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AUD/USD Testing 2012 Declining Trendline

posted by Avatar FXTimes 335 days ago in USD, AUD, Technical

The AUD/USD starts the week pushing above 1.01, and trades just below a declining trendline that extends back to the 2/29/2012 high at about 1.0850. It is also just below 1.0137, the 61.8% retracement of the 1.0472-0.9595 swing (end of April through May). So far, the market has rejected a follow through to the opening push...
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