AUD/USD : Exit of the medium term bearish channel
--- Follow up analysis ---
The pair AUD/USD has started a bullsh rally since two days. The price has validated this night the breakout of 1.0350, offering a new buy signal.
We still advise to trade the pair according to the key level at 1.03:
- Only long positions above 1.03. The breakout of 1.04 will give a new buy signal and should allow the price to reach the next resistance at 1.0450
- Only short positions below 1.03. The breakout of 1.0250 will give a new sell signal and will open the way towards the support at 1.02.
Analysis published by Vincent, the 10/25/2012 at 09h30 GMT+2
Chart of the pair AUD/USD - Timeframe 4H
Chart of the pair AUD/USD - Timeframe 1H
|AUD/USD Live Chart - Timeframe : 4h|
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