AUD/USD fighting back from a three-week low
Commodity currencies are at session highs as they take advantage of an ebb in US dollar strength.
AUD/USD has been testing a minor trendline from the January lows. It's rebounded 80 pips from the worst levels of the day.
To me, the chart of AUD/USD is indicative of the entire day. The trend is lower but there's a minor reversal. It's not powerful enough to indicate any kind of sustained reversal.
It's a classic counter-trend day.
