Aussie weekly chart shows the currency is just short of kissing the long-term falling trend line
resistance. Last week’s candle failed to pierce through, however, in the wake of broad based dollar selling and rising gold
prices, the currency may take out the trend line
resistance and confirm LT
and money flow
index also point to continuation of the rally from Feb lows.
Take a look at the weekly chart of the Dollar index
, which shows the buck heading towards head and shoulder neckline seen around 91.46.