Wed, 13 Apr 2016 06:24:37 GMT
AUD/USD 4H Chart: Channel Up
The Aussie is in a good position to advance against its US counterpart, as AUD/USD has formed a well-defined channel. In addition, the pair is trading above the long-term SMA and above the three-month up-trend. Moreover, most of the four-hour and weekly technical studies are bullish. However, we are likely to see a bearish correction within the pattern before