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AUD/USD Consolidates in a Flag Pattern; 1.0415 Still Valid

posted by Avatar FXTimes 813 days ago in USD, AUD, Technical made popular 813 days ago

The AUD/USD has reached a fresh record high of 1.0315 and has since consolidated. The 1H chart shows the market resolving a bearish divergence. The 1.0190-1.02 zone can provide support for the current correction, which has formed a flag pattern. If there is a bounce in the US session, a break above 1.0270 suggests at least a retest of 1.0315…
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