Sentiment : 1.03 1.0250
The pair AUD/USD has validated on friday the breakout of 1.0250 and 1.02, offering both a new sell signal. The pair is currently testing the next support at 1.0150 and seems to make a false breakout of this level. All indicators are bearish. The pair is also testing the upper band of its bearish channel (purple lines). We continue to advise short positions as far as 1.0250 is resistance. The breakout of 1.0150 will give a new sell signal and open the way towards 1.01. In case of return above 1.0250, we will wait the breakout of 1.03 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