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AUD/USD on the rebound this morning
Yesterday the AUD/USD did eventually crack the 0.6300 handle on the downside. The low seen was set at 0.6386 and it later managed to avoid a daily close below 0.63, when ending the US session at 0.6302. Earlier today the Aussie stalled at around the same low level, basing out at 0.6387 and since then it has been on the rebound back above 0.6300 and above 0.6325 just now. The high seen has been set at 0.6326. So, there is the prospect of a double bottom being set in place on the daily charts at those noted lows, but it is way too early to conclude on that yet. Nevertheless, the AUD/USD is making some progress this morning and just now trading at 0.6324
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