Currency analyst

AUD/USD: the bulls are serious

On the daily AUD/USD chart the buyers managed to return the pair inside the bullish trend channel and settle anbove an important level of 76.1 (23.6% Fibo of the last medium-term wave). As long as the pair is trading above 0.757, the market's sentiment will remain bullish.

On H1 AUD/USD breached above the upper border of the bullish channel and convergence area of 0.762-0.763. It means that the bulls are serious. The bears, on the other hand, will start their counterattack from 0.7655 and 0.7675. Near the latter one may find 88.6% target of the inversed "Shark" pattern.




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