Technical analysis:
AUD/USD has been trading upside this morning and I found fake breakout to the downside and potential for the rally in next period.
Due to the fake breakout of the support and the bullish divergence in the momentum, I see potential for the further growth towards upside references.
Upside objectives are set at the price of 0.6445 and 0.6465
Stochastic oscillator is showing fresh bull cross and bullish divergence , which is another good sign for the further upside movement.
Key support is set at the price of 0.6400
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
AUD/USD has been trading upside this morning and I found fake breakout to the downside and potential for the rally in next period.
Due to the fake breakout of the support and the bullish divergence in the momentum, I see potential for the further growth towards upside references.
Upside objectives are set at the price of 0.6445 and 0.6465
Stochastic oscillator is showing fresh bull cross and bullish divergence , which is another good sign for the further upside movement.
Key support is set at the price of 0.6400
The material has been provided by InstaForex Company – www.instaforex.com
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