AUD/USD maintains an upward channel

AUD/USD pair continues to maintain an upward trend, despite the technical correction and a slowdown in the growth of optimism in the market. At the same time the potential for strengthening remains after attempts of correction of this pair and overbought. Thus, fixing the  AUD/USD pair above the zone 0.7270-50 will indicate a resumption of the uptrend and will open the way to resistance levels: 0.7300 and 0.7340. Support is located at the levels: 0.7230 and 0.7200, closing the day below which cancels expectations for growth.

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Hanzenko Anton

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