FX.co ★ Technical analysis of AUD/USD for June 03, 2016

The price has made a triple bottom bullish exit along with an exit on its bearish channel triggering a rise up to 0.7300. The RSI (34) is also on an ascending support line that supports our bullish view given how well the price has bounced off correspondingly on those levels.

Trading recommendations:

Buy now. Take profit at 0.7300. Stop loss at 0.7185.