In a long-term the cross AUS-USD is in a downtrend channel started from 1.1065 area (highs of July 2011).
After reaching the 0.8660 zone, the price reacted, now being outburst of positive divergence (daily-weekly chart) detectable on the indicator MACD.
In this context, after the break up of the downtrendline from the 1.0585 highs, the prices have continued to rise up to 0.9300 area.
The indicators are still in the positive zone (upward) and do not mention to weaken. As a result, from the closur…
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