Hello everyone and welcome back.
Let’s take a look at the AUD/USD hourly chart.
If you take a look at our screen shot, you’ll see a Contracting Triangle (CT) forming at an upward angle. It does seem we have broken the upper trend line and this may start to act as support now.
Look for a potential continuation upward – potentially to the 1.0200 area and above.
Good luck with trading and be sure to use your money management.
