Good Wednesday traders! Today we bring you our daily view of the AUD / USD pair.
🔸As we can see, the price is in a clear uptrend, which can be marked with an Ascending Channel.
🔸Throughout the last month, the price remained in a corrective phase, and we can draw a flag pattern.
🔸Right now, it is trying to break the pattern to the upside, and if this happens, we can expect a strong bullish move for the remainder of the week.
🔸The target of the movement is the Weekly Resistance Zone marked with the orange rectangle.
🔸As we can see, the price is in a clear uptrend, which can be marked with an Ascending Channel.
🔸Throughout the last month, the price remained in a corrective phase, and we can draw a flag pattern.
🔸Right now, it is trying to break the pattern to the upside, and if this happens, we can expect a strong bullish move for the remainder of the week.
🔸The target of the movement is the Weekly Resistance Zone marked with the orange rectangle.