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Analysis

AUDUSD

Trad idea: AUDUSD

Chris Weston
Chris Weston
Head of Research
Apr 7, 2021
AUDUSD is holding above the 5-day EMA, having found a platform from horizontal support at 0.7560 (the purple line).
Source: Trading View

Price has broken out of the consolidation zone and above the former neckline of the head and shoulder pattern. Price action and the broad structure suggest a risk of a move into 0.7800 and the highs from mid-March. Look to re-assess the trading bias on moves into here.

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