andrew.berg
Long

AUD/USD upper-level base before break up

FX:AUDUSD   Australian Dollar/U.S. Dollar
AUD/USD             after it broke up neckline of Head&Shoulders pattern and consecutive move up, then entered into wide range with major support at 0.92000. Now, it is building nice upper-level base and preparing for break up of this major consolidation range with resistance around 0.94600. The longer it holds upper level support at 0.93273, the higher is probability that we will see move up, as it trades above 200 EMA.

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andrew.berg
2 years ago
First target reached, the higher it the higher probability for quick continuation. Up on good inflation data, Australian stock market index on its 6 years high
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