FX:AUDUSD   Australian Dollar / U.S. Dollar
In this image we see AUDUSD in a very clear upwards trend and is currently remaining in the same channel. This pair also has continued to make higher highs and lower highs staying in the bullish structure. I will be watching this pair closely as I see the pair has reached some resistance, if it passes this and heads to the top yellow circle I will looking off buying off the trend line cross over and just above the resistance that hopefully turns into support. On top of this USD is very weak currently and over the past few days week's we have seen a big decline in DXY .

Comments