Looking at the AUD/USD weekly chart above we note that the currency pair was bullish for the week. It had since breached the middle bollinger band.
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As I always mention, the bollinger bands can be a good indicator of possible support and resistance regions. From a technical point of view, the middle bollinger band may serve as an immediate support for now.
Should the bullish momentum continue, we will likely see an attempt to test the 0.75 resistance region. The upper bollinger band is also currently in the same region.
