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AUDUSD rising nicely, potential for further rise!

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Tickmill Broker  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns AUDUSD aud USD audusdshort audusdlong audusdforecast audusdsignal audusdsell audusddaily
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trendanalysis harmonicpatterns chartpattern audusd aud usd audusdshort audusdlong audusdforecast audusdsignal audusdsell audusddaily

AUDUSD continues to rise nicely after breaking out of our major resistance-turned-support level at 0.7844. A further rise could occur pushing price all the way up to 0.7902 resistance (Fibonacci retracement, horizontal overlap resistance). Our 1st major support would be 0.7844 (Fibonacci retracement, horizontal overlap support) with our next support at 0.7818.

RSI (34) has made a bullish exit and we can see intermediate ascending support holding price up really nicely.

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