Mihai_Iacob

AudUsd broke the falling trend line resistance

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
In my last week's AudUsd post, I wrote that the pair has bullish perspectives as long as 0.65 support remains intact.
Indeed, this was the case and, after a few days of consolidation above this important support level, aUDuSD reversed to the upside but, more importantly, broke above the falling trend line resistance.
My outlook remains bullish for this pair and I expect my target of 0.69 to be reached.
Negation comes with a fall back under the trendline

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