.gif)
AUD/USD
The Australian dollar – American dollar pair continue to fight the strong trend line which accompanies the pair since the trend set out on its way, about seven months ago. During the last five trade days you can clearly see the pair flirting with the line but having difficulty closing under it. Therefore, a daily closing under the line will serve as a trigger to enter in short on the pair, or can we expect to continue with successive upward to 1.0200 and there enter short.
A complete break of the line is expected to pave the way downwards and towards the next significant support level at 0.9690. The exit goal from the sell position can be placed near the last minimum level which was set around 0.9290American dollars to the Australian dollar.
