LFX

AUD/USD - BULLISH POTENTIAL, MA CROSSOVER ON DAILY

FX:AUDUSD   Australian Dollar / U.S. Dollar
69 0 1
Here we can see that the pair has been in a downtrending channel for some time.
0.77423 was extremely strong support, this level was broken but bought straight back into range.
We have now broken out of the channel and can see the MA has almost crossed over.
Once crossed we would drop down to H4 to look for a more precise entry,
T1 0.81200, T2 - 0.84450
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