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Technical analysis:
AUD/USD has been trading sideways 0.6605 and I see potential rejection of the rising trending or the breakout.
In case of the downside breakout of the rising trend-line and support at 0.6575, I see potential for the further drop towards 0.6525 and 0.6455
In case of the rejection of the rising trend-line, I see potential for the further rally towards 0.6700
RSI oscillator is showing neutral reading around 50 level.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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