AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD quotes have broken the 200-day Moving Average on D1 and rest above it, revealing the probability of an uptrend development. The RSI has broken the resistance line. In this situation, the quotes are expected to breach the 5/8 (0.6652) level and rise to the resistance at 6/8 (0.6713). The scenario could be cancelled by a breakout of 4/8 (0.6591). In this case, the price might drop to the support at 3/8 (0.6530).
On M15, the upper boundary of the VoltyChannel is broken, increasing the probability of further price growth.
Origin: RoboForex
