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AUD/USD: confirmed 'V-Bottom' pattern

AUD/USD: confirmed 'V-Bottom' pattern

Information is not investment advice

Bears faced with support at 0.6864 last Friday, so the price is consolidating. Also, there's a 'V-Bottom' pattern, which has been confirmed. Thus, it's likely that the market is going to test the nearest resistance at 0.6936 - 0.6962 in the short term. If a pullback from this area happens little later on, there'll be a green light for another decline towards the next support at 0.6891 - 0.6864.

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