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AUDUSD trades at session highs/highest since June 2015

Discussion in 'Technical Analysis' started by ForexLive, Apr 19, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Tests another topside trend line The AUDUSD is trading at new session highs as I type. at 0.7823 and at the highest level since June 2015. Looking at the daily chart, the price was able to break above resistance at the 0.7774 area (. This was the lower red trend line in the chart above. Now, the pair is testing another trend line connecting highs from Dec 30 and March 18. The line come sin at 0.7826. A move above that will look toward the high price from June 18, 2015 at 0.78475.

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