Throughout the day, AUDUSD has been forming nothing but higher highs and higher lows.
It has also broken above 0.7786, a neckline to the previous 2 lows.
In any case, sellers are definitely looking very weak and buyers will be able to take over easily as it now finds support at the bottom of a rising channel.
It has also broken above 0.7786, a neckline to the previous 2 lows.
In any case, sellers are definitely looking very weak and buyers will be able to take over easily as it now finds support at the bottom of a rising channel.