AUD/USD Technical Analysis 12/28

AUD/USD currency pair continues to move within the ascending channel on the 1H timeframe. At the moment, one should expect an attempt to test the support zone in the area of 0.7725 and the continuation of the quotes growth in the area above 0.78.

In favor of the AUD/USD growth will be a test of the trend 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 drop and breakdown at the level of 0.7650, which indicate a fall with a target below 0.76.


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