AUD/USD rebounds from trendline support
AUD/USD has managed to turn the tide in early trade, with trendline support once again providing a welcome reprieve for the pair.
How far this rebound goes remains to be seen, especially given the dollar appreciation we have seen in the face of growing stock market declines. However, until we see that trendline broken, there is a good chance we could see further upside over the short term.
