FX.co ★ torp.paris | AUD/USD

The currency pair AUDUSD continues to show an upward trend. The price is testing the resistance level at 0.7263. From a technical perspective, on the four-hour chart, the pair is trading above the cloud, above the Kijun-sen and Tenkan-sen signal lines, the Chikou span line is above the price chart, and a golden cross is in an active phase. The relative strength index indicator is moving above the 50 level, indicating the preservation of a bullish momentum, and the trend oscillator filter is colored green, also signaling a bullish market sentiment. The potential for further growth remains. In case of a breakout and successful consolidation above the level of 0.7263, the next potential target is seen at the resistance level of 0.7384. An alternative scenario would be a price consolidation below the cloud, with the condition of forming a dead cross.