AUDUSD - Technical Update: Thursday, 14/08/2014 20:17 GMT

The AUDUSD is breaching the minor bearish channel’s resistance, which represents a bullish continuation flag pattern that supports the chances of turning back to the main bullish trend.

 

A daily close above 0.9305 will confirm the activation of the pattern, and positive signals are coming from the exponential moving average 50 and stochastic.