SamKent
Long

AUD/USD TREND REVERSAL

FX:AUDUSD   Australian Dollar/U.S. Dollar
387 2 5
The AUD/USD             4H chart seems to be ripe for a shift in trending momentum. The pair has broken the descending trend-line to the upside, has formed a massive breakout buying candle, and has broken RSI resistance at around the 60 reading. These factors make us short term bulls on the pair, after which we'll have to see how price action reacts at higher levels.
Yep - Major Tech Level achieved back up to 0.86....
AUD/USD Price Action Analysis

+2 Reply
Careful with "breakouts" during the holiday period ;)

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