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AUD/USD Remains In Short Term Uptrend From 0.9280

AUD/USD Remains In Short Term Uptrend From 0.9280

AUD/USD remains in short term uptrend from 0.9280. Further rise to test 0.9526 resistance is still possible, a break above this level will signal resumption of the longer term uptrend from 0.8847 (Aug 5 low), then the following upward movement could bring price to 1.0000 zone. Support is now at the upward trend line on 4-hour chart, a clear break below the trend line support will indicate that the upward movement from 0.9280 has completed, then deeper decline to 0.9200 area could be seen.

AUD/USD” title=”AUD/USD” width=”400″ height=”300″ src=”https://d1-invdn-com.akamaized.net/content/pic35371270d047baaaaa083c1b2d11de53.png” />

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