Since mid-January AUDUSD is continuing upward movement. In previous week occurred shallow correction and it finished just after reached Fibonacci 23.6%. In the current week uptrend is continuing. Great challenge for bulls will be 0.7850 – 0.7880 area, where coincides resistance and upper limit of bearish regression channel. Price is moving in this channel since 2013. When price will test that level bigger rebound should occur. Just break above this level will be a chance for a new uptrend in a long term. Nearest supports: 0.7600, 0.7500, 0.7410.
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Time-frame D1
Time-frame W1
