Overview:
Watch the video for a summary of this week’s news releases, a review of the USD index, and a complete top down analysis of the AUDUSD.
AUDUSD Monthly:
Monthly support at 0.6991, resistance at 0.7555.
Monthly chart is in an uptrend, but price has heavily rejected the 0.7555 monthly resistance level. Price has retraced back to the 62% fib retracement level of last year’s trading range. Is this where price has a major change in trend?












