The situation on the AUD/USD charts after the breaking of various trend lines had not become clear in the second part of Tuesday's trading session.
It seemed like the pair was after all still affected by the most dominant resistance line, as the pair had bounced off of it twice during the last twenty four hours. In addition, the currency rate is being frequently affected by the 55 and 100-hour simple moving averages.
However, by the time of writing the SMAs and trend lines were above the currency exchange rate. Moreover, the pair had no support as low as 0.7743. Due to that a decline was expected.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.