As we can see in the H4 chart, AUDUSD is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the pair is expected to break 8/8 and then continue growing towards the resistance at +1/8. However, this scenario may be canceled if the price breaks 7/8 to the downside. After that, the instrument may reverse and correct downwards to reach the support at 6/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
Orgin: RoboForex
