AUD/USD Price Action Maintains Short-Term Downtrend Amid Overbought Signal and Long-Term Trendline Resistance
Introduction Short-term downtrend continues for AUD/USD as bulls face resistance The AUD/USD price action remains on a short-term downtrend as Australian dollar bulls face significant resistance in breaking above the long-term trendline. The recent failed attempt to surpass this trendline coincided with an overbought signal generated by the Relative Strength