Currency Pair:Aud/Usd
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 0.7890
Trend: downtrend (daily chart)
Possible trading range:0.77 - 0.82
Signals: A bullish signal has recently appeared on the 4 hour chart once the price has made an upside breakout around 0.7876 , a level which represents the neckline of a very clear double bottom pattern.
Fundamentals: The latest rebound in commodities prices might help the aussie to seek higher levels in the following month. Th…
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