0,8408. AUD USD is in an uptrend supported by 1H exponential moving averages. AUD USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on AUD USD. The consolidation should continue. The price should continue to move in 0,8380 / 0,8470 range. If the resistance breaks then the target will be 0,8600 (192 pips).
0,8470 - 0,8520
0,8385 - 0,8350

tags: Forex, audusd
author: Arnaud Jeulin
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