FX.co ★ AUDUSD remains inside bullish channel

AUDUSD continues to make higher highs and higher lows inside the upward sloping channel. Price is now near the lower channel boundary and as long as this holds, we could see price re-test the upper channel boundary near 0.7450-0.75

As can be seen above price is holding above the lower channel boundary. Therefore key support is found around 0.72. Breaking this level to the downside will be a bearish signal and could imply the end of the upward move since March lows.