AUD/USD: At the local highs

Forex analytics: The pair AUD/USD continues to grow in the ascending channel with the upper limit at the level of 0.7875 (Fibonacci 38.2% to the last wave of decline in the pair since July 2014). Today’s strong data on the Australian labor market added upward momentum to the pair.The pair is still above support level of 0.7510 (Fibonacci 23.6% and ЕМА200 on 4-hour chart). So, uptrend continues. On the ...