TDMarkets

Exclusive: AUD/USD: Pending Bullish Signal On A Weekly Close

Exclusive: AUD/USD: Pending Bullish Signal On A Weekly Close

On February 23, 2017, Posted by , In Uncategorized, By , , With No Comments

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Price achieved our downside target at 0.7150/00 in late December before launching an impulsive uptrend in January. Bullish monthly reversal pattern in January confirmed a reassertion of the MT/LT uptrend. This has been confirmed by the recent bullish triggers in MT momentum. Current upswing has fallen marginally short of our initial target (trend channel base at 0.7800/20). A weekly close above 2016 highs at 0.7835 will ultimately target 0.8150/0.8300 in the MT.

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