We expect this pair to continue on its bearish run, triggered in the middle of 2015 by widely held traders view of a US dollar rates increase. Once this rumour subsides, we expect the Aussie dollar to bounce back
Can the bullish divergence in AUDUSD H1 help break above 0.715 levels, to take out 0.725 and ultimately reach up towards 0.730 to 0.745 levels? A further decline in DIY towards 97.0 could ignite the move.
Double bottom on the daily. On the 4 hour i see a reverse head and shoulders forming due to the strong rejection of the double bottom with a strong bullish candles. Expecting a right shoulder and then a retest of the neckline. Break would lead us to a another test of the 73.75 level Risk Reward 1:43