The Brains Trust, page-1247

Aussie Dollar Vs USD Futures - Weekly
That strong long term axis line @0.7663 has restrained price for some time now, and has stood up to all challenges so far.  However, each time it is challenged its resistance should slowly be getting absorbed, a little bit at a time, and therefore weakened.  And each time price is rejected at that level, sufficient demand has been found to support the price, and then prepare to issue another challenge. This suggests that at some point the Aussie will make a really serious attempt at a breakout and make a run towards the next higher level @0.8049 before settling into a new trading range between 0.7663 and 0.8049 , where that longer term axis line should then offer support.