28.11.202311:14 Forex Analysis & Reviews: AUD/USD Update for November 28, 2023 - Rising trendline on the test

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Technical analysis:

AUD/USD has been trading sideways 0.6605 and I see potential rejection of the rising trending or the breakout.

In case of the downside breakout of the rising trend-line and support at 0.6575, I see potential for the further drop towards 0.6525 and 0.6455

In case of the rejection of the rising trend-line, I see potential for the further rally towards 0.6700

RSI oscillator is showing neutral reading around 50 level.

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