AUD/USD: the pair has received support from the data on trade balance. Technical analysis of 05/05/2016.

Forex analytics: Review and analysis Since July 2014 the pair AUD/USD has dropped by almost 2600 points from the level of 0.9430. Since this January the pair has undergone upward correction in the ascending channel on the daily chart, increasing by 14% up to 0.7820. This level was reached in the second half of April. Fibonacci level of 38.2% crosses the level of 0.7820. In the last two weeks the pair has been ...