AUD/USD May Put Big Support to the Test, What to Watch
AUD/USD may try and test big long-term support here soon; there are a couple of short-term levels and scenarios to consider first. The 4-hr hour chart may offer some clues as to how things could unfold. From my perspective, seeing another test of the big 7000 level would be ideal for shaping the intermediate to even longer-term outlook.
For the full set of details, please see the video above...
AUD/USD Weekly Chart
AUD/USD 4-hr Chart
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---Written by Paul Robinson, Market Analyst
You can follow Paul on Twitter at @PaulRobinsonFX
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.