USDAUD analysis

USDAUD analysis...

Bulls are taking over?

With the breakout of the bearish trend + MA crossover, the new underlying bullish trend line has been doing justice.
Breakout of the current zone as well as respect with this bullish trend we can expect a new leg towards the Monthly Resistance level.

Once we get to this monthly level, we'll have to wait and see what price does.
- respect of resistance can have this pair hit the deck
- breakout can have this pair making a HUGE bullish leg all the way to 1.5785! as we'll have nothing from it chasing that previous swing high.

I do favour a BUY to the Monthly Resistance zone of 1.4350*

Patience is key..

Cheers..