The currency pair AUDUSD moves from yesterday afternoon in a narrow consolidation, which has twice tried to knock the bottom – but without success, and breakout every time was false and appeared demand push the price up.

In addition, this formation is horizontal on the 50-periodic, exponential moving average, which provides for a price support in an uptrend which we can see in the H4 chart.

When it comes to effective breakout and closing prices above the upper limit range, you can consider buying a binary option to increase (CALL). Alternatively, closing below the minimum of last candle visible in the chart below, it negates the pro-growth attitude, at least today.

0316-AUDUSD


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