|AUD/USD : New test of the resistance at 1.02|
|The pair AUD/USD is back on the resistance at 1.02. The trend is clearly bullish since the breakout of this medium term bearish channel (purple lines). A pullback on 1.01 could occur before a return on 1.02 as resistance.|
The breakout of 1.02 will give a new buy signal and will open the way towards 1.03.
If the price fall below 1.01, we will then advise to wait the breakout of 1.00 to advise short positions.
Analysis published by Vincent, the 06/29/2012 at 12h00 GMT+2
Update : 04/07 - The Australian Dollar continue to rise against the US Dollar. The pair AUD/USD is currently testing the resistance at 1.03. A pullback on 1.02 stay possible. The breakout of 1.03 will lead to a new bullish movement towards 1.04.
|Complete sheet of the pair AUD/USD - Previous AUD/USD Analysis|
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