Aud/Usd Breaks Above Channel

We have finally seen the successful attack on the upper bound of the medium-term channel. As the price broke above it, further move towards north and key resistance area around 0.760 is expected. However before  bulls manage to gather momentum we might once again observe the re-test of the upper bound of the previous downward channel . The evening star on the daily interval supports such a scenario.

aud/usd