|AUD/USD : Medium term trend clearly bullish|
The pair AUD/USD continues to move into its bullish channel (purple lines). The price has validated the breakouts of 1.05 and 1.0550, offering new buy signals. The pair is currently testing the resistance at 1.06.We advise to trade long positions as far as 1.05 is support. The breakout of 1.06 and 1.0650 will both give a new buy signal and will open the way towards 1.07.
In case of return below 1.05, the pair should test an exit of the bullish channel. We advise to wait the breakout of 1.04 to trade short positions.
|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|