Good day traders!
Aussie dollar bears have been winning the battle thus far. Are we going to see further downside for the pair or a bounce in the making to at least test Resistance 2? From the chart above, you can see that if the bar is able to come back into the channel, then there is a higher chance for further upside to test Resistance 1.
At the moment, the pair needs to break above Resistance 1.
All the best to your trading.