AUDUSD tests a cluster of resistance and backs off

The AUDUSD tested a cluster of resistance on the daily chart between 0.6966 to 0.69935 area today. The area represents a swing area (see yellow area and red numbered circles). Also in the area is a downward sloping trend line at 0.6977 ant the 50% retracement of the recent run down from the June high at 0.69816.

THe high price today reached 0.69768 and has rotated lower.

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