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12/30/2015 2:21:25 AM

AUD/USD keeps rising. - Technical Analysis - 30-12-3015



AUD/USD kept rising in its short-term trading, within the range of an ascending price channel as shown in the attached chart, and with continuing positive pressure from the simple moving average for the last 50 hours period, and the overall guidance of the main upward trend in the medium term, supporting a streak of gains along the price channel's range.

 

Therefore we expect the pair to rise farther, targeting thereafter the resistance of 0.7330.  


Target
Risk


Support
Resistance


Trend Bullish

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