The Australian Dollar continued to test major resistance against the US Dollar last week. The AUD/USD pair showed strong momentum as it struggled to break through this key level. Traders closely watched the price action, looking for potential breakouts.
The Australian Dollar has been facing pressure from the US Dollar, which has been strengthening in recent weeks. Despite this, the AUD has shown resilience and has managed to hold its ground against the USD.
Traders will be closely monitoring the AUD/USD pair in the coming weeks to see if it can finally break through the major resistance level. A successful breakout could lead to further gains for the Australian Dollar.
Overall, the AUD/USD pair remains in a tight range, with traders waiting for a clear direction to emerge. The upcoming weeks will be crucial for the pair as it continues to test major resistance levels.