AUD/USD, which trades at 0.6940, would complete an ascending bull ‘triangle’ continuation pattern with a close above 0.6977 whilst support at 0.6872 ideally holds, according to analysts at Credit Suisse. Key quotes “Although a near-term consolidation phase or even a minor correction should be allowed for at this point, we look for another test and eventual break above the 0.6977 high in due course, reinforced by the fact that MACD is close to crossing above MACDA and turning outright bullish again. This would then see an ascending bull ‘triangle’ continuation pattern complete and suggest that further upside is likely. Resistance is seen thereafter at the more important 0.7032/63 highs.” “Support is seen initially at 0.6933, then 0.6922/17, ahead of 0.6902, where we would expect to see a first attempt to hold. Beneath here can see a move back to the lower end of the ‘triangle’ at 0.6872, which ideally holds.” 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 USD/JPY to run beyond 108.00 on a break of 107.75 FX Street 3 years AUD/USD, which trades at 0.6940, would complete an ascending bull ‘triangle’ continuation pattern with a close above 0.6977 whilst support at 0.6872 ideally holds, according to analysts at Credit Suisse. Key quotes “Although a near-term consolidation phase or even a minor correction should be allowed for at this point, we look for another test and eventual break above the 0.6977 high in due course, reinforced by the fact that MACD is close to crossing above MACDA and turning outright bullish again. This would then see an ascending bull ‘triangle’ continuation pattern complete and suggest that further upside is likely. Resistance… 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.