FX.co ★ AUDUSD Point and Figure Chart

AUDUSD on 503 Chart:
The sellers failed to overcome the major uptrend line at 1.02 which resulted in the downward move of the pair.
The main target for buyers is the resistance level of 1.06. After this level is broken, we will be able to reach 1.08.

AUDUSD on 303 Chart:
The prevailing tendency is downtrend on 303 chart.
Taking into account the trend observed on 503 chart, we are expecting the continuation of the upward movement to the resistance level of 1.049 and further to the resistance level of 1.06.
We suggest to buy the pair.