Good day traders!

The beautiful chart here shows us that AUD/USD on the daily time frame is in a sideways channel, tilting a little to the downside. We see the pair bouncing off 1.015 and now testing the 1.04 level. A break of that resistance will provide the pair with more momentum to reach the top part of the channel around the level 1.057 to 1.058. From current level of 1.0395, that is a cool 175 pips if that target is hit.

Trade well people. We want you to be profitable always. 🙂