The AUD / USD pair is located at 1.0476 level i.e. around the first weekly support (W_S1). In the nearest future we expect that the pair will change its direction to downwards and continue the ascending movement towards the point 1.0800. Considering that the pair has broken its downtrend line and has made the corresponding pullback, and, if we look at the chart, the pair has formed a pattern of changed trend. Thus, it confirms our bullish outlook.
Therefore, we recommend Buy-deals at current levels of negotiation, pending an increase in the price of par. Our objective is placed in 1.0650 and our ultimate goal is the 1.0824 level. The Stop Loss is to be placed under the month's low.
The MACD indicator is in oversold area showing the bullish signals.
