FX.co ★ AUD/USD: strong buyers

AUD/USD Downside Invalidated!

The AUD/USD pair jumped higher and now is located at 0.6586 at the time of writing. The rate failed to stabilize under the uptrend line, signaling strong buyers. As long as it stays above it, the rate could extend its growth.

From the technical point of view, the former high of 0.6586 is seen as a potential upside obstacle.

AUD/USD Trading Conclusion!

Passing and stabilizing above 0.6585 activates further growth and is seen as a buying opportunity.