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AUDUSD above the bearish wedge


Despite the fluctuated trading of the Australian dollar versus the US dollar, the bulls have dominated the pair in the last eight daily sessions, as prices ended five sessions bullish.

Technical Comment: The Aussie broke above the upper line of the bearish wedge extending from 31-1-2018 at the price of 0.7750. The pair may give further bullish momentum towards 0.7885 - 0.7965.

Comment on the Previous Analysis: broke above the resistance zone of 0.7775-0.7745

Expected Daily Trend: Bullish above 0.7770 - 0.7745.


Important Levels:

Support: 0.7770 - 0.7745 - 0.7700

Resistance: 0.7835 - 0.7885 - 0.7965

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