The AUD/USD technical outlook is decidedly bullish, with the path of least resistance to the upside. The pair successfully broke out above the primary descending trendline on the Daily chart. Bullish momentum is reinforced by a “Golden Cross” formation on the 4-hour chart. The 0.7130 level stands as the next major hurdle for the bulls. […]
The post AUD/USD Technical Analysis: Bulls Regain Control as Key Psychological Level Holds appeared first on ActionForex.
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