AUDUSD - Technical Analysis: Thursday, 30/04/2015 06:20 GMT

The bearish trend resistance line was breached and the price successfully retested this breach, to turn the short term trend upwards.

The price completed forming a double bottom pattern by breaching 0.7937 level, this pattern’s targets reach 0.8300 areas.

The exponential moving averages 50 and 100 provide positive support to the price from below, and stochastic is clearly oversold now.