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No rebound yet for AUD/USD today
Yesterday an update here noted the further gains for the AUD/USD. At the same time has highlighting major resistance on the topside, a note of caution was added regarding a nearer support level, at 0.6781. Well it was that side which later gave way and delivered some follow-though into the USZ close. So, once it fell back below 0.6781, it did not reclaim the breakdown level and later closed in the US at 0.6761. It has fallen a bit further so far today, after reaching a session high of 0.6771 earlier this morning. The AUD/USD has just now hit a session low at 0.6741. The nearest support of note is now at 0.6721, which is the current price of the 21 day moving average. The AUD/USD is trading just now at 0.6748
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