AUD/UD has finally broken and closed above a weekly descending trend line
which it has been following for some time now, price started to rise aft4er hitting some light support and followed a bullish trend line
leading to the break. we can also see a clear break, close and retest of the descending trend line
. our next upside target aligns with some historical heavy support at 0.75825, with our stop loss aligning with support at 0.70176.
take our charts as guidance, we are not always 100% right so this analysis should be traded alongside your own market analyse.