AUD/USD 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After touching a five-year low of 0.8661 in the second part of January, the Australian Dollar regained an upside against its U.S. peer. In mid-February, the pair started to form a bullish tunnel that now is over a 100-bar long.
At the moment of writing, the pair was tilted upwards and it may continue the bullish trend in the hours to come given that more than two thirds of market participants bet on appreciation of the pair, according to the SWFX data. Technical numbers also signal a climb in the short-term but point to a weakness in the longer perspective.
© Dukascopy Bank SA
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