FX.co ★ AUD/USD resumes upside movement

The AUD/USD resumed upside movement caused by the break of the 1.042 resistance level where the main downside trend line was located.

At the moment the pair is moving to the strong resistance level 1.05, in case of its break the upside movement will be continued to 1.054.

The rise of the maximums and the decline of the bases denotes balance on the market, the buyers will win only after the resistance at 1.05 is broken.

Alternative option: a break of the 1.033 level will target the pair to 1.028.

Support levels: 1.033
Resistance levels: 1.05