EUR/AUD in rising channel

8 Şub 2016

The pair has consolidated above 1.5600 round level, also has broken minor trend line on H4 chart and is trading near it's supportive side of the rising long term channel. So I am expecting it to begin new impulse towards the 1.6000 resistance where also red trend line resides. If it manages to brake red trend line and close above 1.6000 level, than probably we should expect the upper side of the channel to be reached near 1.64-1.65 levels.