AUD/USD bulls continue with their northerly trajectory in a strong monthly rally. Bears will be looking for an opportunity to fade the moves across various time frames. AUD/USD is relentless in its pursuit for blue skies and has recently printed fresh bullish cycle highs of 0.7554, trading some 0.2% up for the Asian session. The following is a top-down analysis tracking the pair across multiple longer-term time frames firn which traders can assess for the next swing trading opportunity. AUD/USD monthly chart The monthly chart shows that the price has extended above the prior breakout structure and will have formed new support at the prior corrective highs. AUD/USD Weekly chart The weekly chart offers structure confluence with the 61.8% Fibo of the latest bullish impulse. Daily chart A meanwhile support zone meets the 38.2% Fibonacci retracement from current highs. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China’s Finance Minister: Will strengthen financial and tax policies FX Street 2 years AUD/USD bulls continue with their northerly trajectory in a strong monthly rally. Bears will be looking for an opportunity to fade the moves across various time frames. AUD/USD is relentless in its pursuit for blue skies and has recently printed fresh bullish cycle highs of 0.7554, trading some 0.2% up for the Asian session. The following is a top-down analysis tracking the pair across multiple longer-term time frames firn which traders can assess for the next swing trading opportunity. AUD/USD monthly chart The monthly chart shows that the price has extended above the prior breakout structure and will have formed… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
