Hourly Chart Watch: Australian/US Dollar

SHORT-TERM CHART WATCH FOR THE AUSSIE/US DOLLAR

Here’s a close-term look at the hourly trend in the Forex AUSUSD.

Momentum is now building as accumulation is under way short-term. Watch for breakout from the green rectangle price area.

The price support is indicated by the red horizontal line. If price breaks below this level, the downward momentum will resume in earnest.– George