The AUDUSD has been ping-ponging this week in volatile up and down trading. Looking at the chart below, the price action initially was to the downside. Support held against a upwards open trendline.The move back to the upside - helped by the FOMC rate decision - extended to a downward sloping trendline where sellers leaned. The price started to move back to the downside.That move saw the pair extend below moving average levels to a low today that retested the upward sloping trendline once again. Support buyers came in for the second time this week against the trendline.Going forward, the ping-ponging between the trendlines provide the roadmap for buyers and sellers. Stay above the lower upw
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