Sentiment : 1.04 1.0350
The pair AUD/USD has validated yesterday the breakout of 1.03, offering a new sell signal. The pair continues to move on a parallel to its bearish channel (purple lines). All indicators are bearish. We continue to advise short positions as far as 1.0350 is resistance. The breakout of 1.0250 will give a new sell signal and open the way towards 1.02. 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