FX.co ★ AUDUSD Point and Figure Chart

AUDUSD 303 Chart:
On 303 chart the pair continued its ascending move.
The resistance level is placed at 1.049, the level of main descending trend from where the downside movement is expected.
The resistance level of 1.06 is the primary target for sellers.

AUDUSD 203 Chart:
On 203 chart the pair is crossing two resistance lines at 1.052. Overcoming of this level contributes to trend change on 303 chart which enable the level of 1.06.
We do not recommend to sell the pair as there is still an uptrend movement, according to 303 chart.