The AUDUSD is falling toward a confluence of support.

The AUDUSD has been under pressure the last week after reversing from the 2018-19 trend line (blue) but is coming to a confluence of support. The broken trend line (red) coincides with the 61.8% Fibonacci retracement at the .6914 level which may offer near term support for bulls. If you are an AUD bear, you should take note.

AUDUSD Confluence of Supports

Blake Morrow