AUD/USD 4-hour time frame chart

Market news

28 November 2017

AUD/USD 4-hour time frame chart

AUD/USD has been following a daily downside trend line for several weeks.

On 4-hour time frame chart we can see that price is again close to the trend line and it also tested that trend line.

In this scenario, we might expect a depreciation of Australian dollar, at least, until the support level and if the price breaks that support level we might have a greater depreciation.

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