|AUD/USD : Exit of the bullish channel?|
|The pair AUD/USD just validated an exit of its medium term bullish channel (purple lines). The pair is now moving towards the support at 1.0150. The breakout of this level will open the way towards 1.01.|
In case of return above 1.02, the pair will normaly be back into its bullish channel and a buy signal will be given. Traders could then trade again long positions.
Analysis published by Vincent, the 07/12/2012 at 09h30 GMT+2
Update the 07/16 - A quick pullback on 1.01 as support and the pair made a return above 1.02, getting back into its bullish channel.
We now advise to trade the pair according the key level at 1.02:
|Complete sheet of the pair AUD/USD - Previous AUD/USD Analysis|
Chart of the pair AUD/USD - Timeframe 4H
Chart of the pair AUD/USD - Timeframe 1H
AUD/USD Live Chart - Timeframe : 4h