Next Leg in AUDUSD Lies in Hands of Downtrend Line

<p>AUDUSD bulls are staging another breakout as they desperately try to move away from the recent rectangle. However, the February 2, 2023 downward sloping trendline is proving too strong for them, halting twice their advance. This is the bulls’ third attempt to overcome this resistance trendline in the past 35 days. Gradually, the market momentum is shifting [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/510791-next-leg-in-audusd-lies-in-hands-of-downtrend-line/">Next Leg in AUDUSD Lies in Hands of Downtrend Line</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>