On a 4-hour chart, the AUD/USD currency pair again moves up to the resistance levels of 0.9917. The breakthrough of this mark will lead to increase to 1.00-1.05. Earlier on a 4-hour graph, the AUD/USD had formed the combination of candlesticks Morning Star, thus pointing to the uprising movement.
This combination of candlesticks emerged near 0.8770, where the bulls started to increase their influence and the rollback after downtrend happened. The upward tendency is confirmed as the Morning Star formed near the upper bound of uptrend (daily chart). This combination of candlesticks provided a good opportunity to open long positions.
It is worth to mention that stop orders should be set slightly below 0.9590, since the breach of this mark will denote the breakthrough of uptrend.
