The AUDUSD have already reached on Friday the key trend line extended from the maximum established this year. As can be seen on the daily chart below, the current week has resulted in a return to support at 0.7236. As it turned out, the most interesting was yet to come, on Wednesday there was a re-test of the trend line and maximum from the previous week. The course respected the indicated levels, however, closing the session over support at 0.7236 did not favor taking short positions.The situation changed during yesterday’s session, where the return of dollar bulls ensured breaking support. It is possible, therefore, that the price will return to the downward trend and will again move to support close to 0.7090. However, the trend will be questioned when closing the day over the trend line.
