AUD/USD extended its upside movement from 0.7712 to as high as 0.7884. The key support is located at the bullish trend line on the 4-hour chart. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 0.7930 area. Only a clear break below the trend line support could signal completion of the uptrend.

AUDUSD 4-hour chart

Print Friendly, PDF & Email

Related Posts