novvoll12
Long

AUDUSD S-term bullish–Rallies to test falling channel resistance

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD             0.7164 – Short-term bullish – Rallies to test falling channel resistance

AUDSD rallied the last 5 days to reach 0.7183 (September 16, 2015 high), testing the 3-month falling channel resistance (from June 18, 2015 high). The indicators remain positive, suggesting scope remains for further upside. The pair needs to break out of the .7205/.7233 resistances decisively to signal a true breakout and challenge .7310 next (August 24, 2015 high). A shallow pullback to the 0.7123/0.7085 support zone (September 16/15, 2015 lows) is possible where the pair should find a foothold. However, a break below 0.7085 would caution bulls and risk a deeper setback towards 0.6945 (September 10, 2015).
Outlook:
Intraday: bullish
Daily: neutral
Weekly: neutral
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out