AUD/USD, the beauty of the trendlines!

aud-usd 17.04. mario urlic

Aussie finaly manage to brake the trendline yesterday, after wich the one has become support line. This is why I love trendlines and trading on the basis of them. You can see that, the Aussie is trying to pass true the 0.7800/20 resistance for a while, and if manage to do that, 0.7850 could tne the next minor resistance. I would take theese levels as targets for the bulls now and 0.7900/50 will be the tough one, if they manage to get there!? First support in case of retreet is trendline at 0.7760,  lower we have 0.7730/40, the previous resistance. Check my previous Aussie analysis!

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