AUD/USD Uptrend Continuation Towards M H4 – W H5

AUD/USD Technical Analysis

• AUD/USD Continues Up
• Point 4 is the first target
• Full recovery towards 0.8000 above 0.7500

H4 Chart AUDUSD

1. Swing high
2. Swing low
3. Breakout point
4. Target

The AUD/USD is in trending mode. We can see a clear sign of continuation to the upside above the blue level. 0.7315 is the breakout point and the first intraday target 0.7375 should be hit today. We should see 0.7418 as the first swing target. If the market breaks above then the way towards 0.8000 is open as the final target for the AUD/USD recovery.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad