AUD/USD Technical Analysis 01/03

AUD/USD currency pair continues to move within the ascending channel. At the moment, one should expect a test of the support level near 0.7777 and the continuation of the quotes growth in the area above the level of 0.7850.

In favor of the pair growth, there will be a test of the support line on the RSI indicator, as well as a test of the lower boundary of the ascending channel. Cancellation of the quotes growth will be a fall and a breakdown at the level of 0.7730, which may indicate a fall below 0.77.


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