QuantumTradingSoftware
Long

AUD/USD testing key resistance on the hourly chart

FX:AUDUSD   Australian Dollar / U.S. Dollar
The AUD/USD is once again testing a key level on the hourly chart this morning in the 0.7108 area which is now building into a strong level of resistance, and which has yet to be breached. The trend monitor has duly transitioned to blue to reflect the change in sentiment and should this price level be taken out, then we will have a solid platform of support in place for a sustained move higher in due course, and on towards the 0.71300 area in the 'longer term'. Note the good volume which is supporting the move higher this morning.
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