FX.co ★ AUDUSD Point and Figure Chart

AUD/USD 203 Chart:
On 203 chart the pair resumed its downward movement and overcame the support level of 1.042.
From the level of support 1.038, it continued the growth.
Target for buyers is placed at resistance level of 1.048. In case the pair breaks it through, it will provide a buy signal and will enable 1.062 level.

AUD/USD 103 Chart:
On 103 chart we can observe that the sellers managed to overcome support level of 1.041 which contributed to the further descending movement of the pair.
The prevailing tendency changed to downward.
If the sellers will break through the support level of 1.037, it will be possible to reach 1.03.
We recommend to buy the pair after resistance level of 1.049 is breached.