The Australian dollar has been on a free fall for a while as indicated on the chart below, and it's the latest attempt in last week's session to change direction ended in losing the week's gained at the last trading session of the week.
The pair broke through the resistance level around the middle of the price channel in the 30 minutes chart at 0.67160 but failed to continue at 0.67600 and close the trading week at 0.66717. The Australian dollar has reached a five Months low, which is a critical support price level at around 0.66676 and need to hold at this point to avoid falling further to 0.66390. The resistance price level are estimated at 0.66910, 0.67160, 0.67420, 0.67600, and 0.67790
The pair broke through the resistance level around the middle of the price channel in the 30 minutes chart at 0.67160 but failed to continue at 0.67600 and close the trading week at 0.66717. The Australian dollar has reached a five Months low, which is a critical support price level at around 0.66676 and need to hold at this point to avoid falling further to 0.66390. The resistance price level are estimated at 0.66910, 0.67160, 0.67420, 0.67600, and 0.67790
