FX.co ★ Analysis of Gold for April 18, 2023 - Potential for the upside continuation

Technical analysis:

AUD/USD has been trading upside this morning and I found breakout of the well defined trading range, which is good sign for the further higher prices.

Due to the breakout of the trading range and the upside cycle in the background, I see potential for the further growth towards upper reference.

Upside objective is set at the prie of 0.6790

MACD oscillator sis showing upside reading, which is good sign for the further upside continuation.

Support level is set at the price of 0.6690