SUMMARY: The short term trend of AUD/USD is bullish on charts and price is trading above 200 DMA and 50 DMA on 4 hourly charts with appearance of golden cross. It is having an important resistance at the level of 0.7260 and support at the level of 0.7110. If it breaks its resistance level on the higherside and sustains above it then we can expect it to show further upside movement.
INDICATORS:- On MACD positive cross over appeared which indicating the bullish trend in the pair. RSI is sustaining in its buying zone at 59.73 on 4 hourly chart indicating the upcoming bullish trend in the pair.
Let me know how you get on guys, pleased to hear everyone enjoyed yesterday's EUR/CAD short!