Can the AUD continue to rise towards key resistance?
The AUD/USD pair gained ground on Wednesday as prices remain supported by a rising trend line inside a bullish channel. As long as the pair can remain above 0.6165 support look for a test of key overlap resistance at the 0.6685 level where X marks the spot. A break below 0.6165 may confirm declining trend line resistance in place since Dec 2019 and pressure the pair down towards 0.598.