Sentiment : 1.04 1.0350
The pair AUD/USD made yesterday a low just above the support at 1.03 and then made a pullback on 1.0350. The pair is still moving above the upper band of its medium term bearish channel (purple line). Indicators are mitigated. We continue to advise short positions as far as 1.0350 is resistance. The breakout of 1.03 will give a new sell signal and open the way towards 1.0250. In case of return above 1.0350, we will wait the breakout of 1.04 to advise long positons.
Chart of the pair AUD/USD - Timeframe 4H - Zoom in :
Chart of the pair AUD/USD - Timeframe 4H - Zoom out:
AUD/USD Live Chart - Timeframe : 4h