AUD/USD Technical Analysis
(Australian Dollar / US DOllar)

audusd
audusd


Updated the:
07/23/2014
AUD/USD : The price takes off !

Sentiment :
sentiment sur la parité AUD/USD
0.94
sentiment sur la parité AUD/USD
0.94
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The pair AUD/USD validated at the end of last week an output of its short term bearish channel (black lines on the 1H).
After a pullback on the lower limit of the channel, the price has launched yesterday and last night a bullish rally, enabling a return above 0.9390 (buy signal).
This morning, the AUD/USD is going to test the next resistance at 0.9450.

I would advise traders to trade only Long positions (buy) as far as the price is above 0.94.
A break of 0.9450 will offer a new buy signal for an extension of the bullish rally towards 0.9475 / 0.95.

In case of return below 0.94, a sell signal will be given. Short positions will be then advised.

Full analysis

Analysis published by Vincent, the 07/23/2014 at 09h35 GMT+2


Chart of the pair AUD/USD - Timeframe 1H
AUD/USD Technical Analysis

Chart of the pair AUD/USD - Timeframe 4H
AUD/USD Technical Analysis

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