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AUDUSD in ascending channel

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Dollar Australia / Dollar AS (OANDA:AUDUSD)  
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OANDA:AUDUSD   Dollar Australia / Dollar AS
Trend Analysis Technical Indicators Parallel Channel
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trendanalysis indicator parallelchannel
AUDUSD is currently within an ascending channel, displaying a bullish divergence on the 1-hour time frame as it transitions from a higher high (HH) to form a new higher low (HL). Anticipating a breakout to the upside based on the present analysis, a trade recommendation is provided with the expectation of establishing a new higher high (HH).
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