FX.co ★ AUDUSD Point and Figure Chart

AUD/USD on 303 Chart:
On 303 chart the pair came closer to the level of support 1.031 where it can meet the main uptrend line.
Now we have a high probability of upward movement resuming towards resistance level of 1.046.
It is reasonable to buy the pair.

AUD/USD on 203 Chart:
203 chart has registered the ascendant movement from the level of support 1.034.
The main tendency is still downtrend, but, if taken into account the longer time frame, it is possible to buy pair with the first target placed at 1.046 level.

AUD/USD on 103 Chart:
On 103 chart the pair resumed its descending movement in the terms of correction.
We recommend buying the pair when the price is close to 1.033, the level of strong support.
The main target for buyers is resistance levels of 1.051.