AUD/USD : Exit of the medium term bearish channel
--- Follow up analysis ---
The pair AUD/USD made yesterday a pullback on 1.04 and also on the lower band of its medium term bullish channel (blue lines).
We advise to trade only long positions as far as 1.0375 is support. The breakout of 1.0440 will give a new buy signal and should allow the price to reach the resistance at 1.05.
In case of return below 1.0375, we will be neutral between this level and 1.0350. The breakout of this last level will give a sell signal.
Analysis published by Vincent, the 11/08/2012 at 10h30 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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