AUD/USD : Exit of the medium term bearish channel
--- Follow up analysis ---
The pair AUD/USD continues to move below the lower band of its medium term bullish channel (blue lines). The price is currently testing an exif of its descending flag (brown lines in h1).
We continue to advise long positions as far as 1.0375 is support. The breakout of 1.0460 will give a new buy signal and open the way towards 1.05.
In case of return below 1.0375, we will advise to wait the breakout of 1.0350 to trade short positions.
Analysis published by Vincent, the 11/12/2012 at 10h45 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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