AUD/USD points above about 0.9440; + 470 pips/month

FXstreet.com (Chicago) - AUD/USD extends the trend line upward despite a corrective price movement in the last hours. The pair bounced from minimum daily in 0.9366 and is placed at the top of big winners in today with advances of 0.56%, accumulating more than 470 pips obtained this month.

Prolonged Chinese momentum

After the release of disappointing manufacturing data in the United States, the Aussie extended the momentum achieved after the release of manufacturing data in China in the morning in Asia. A few minutes from the close of Wall Street, the markets remain with lost.

AUD/USD technical standards

The price action reveals secondary and primary trends upward along with the respect of originated upward trend line 10 days ago. The pair recorded in 0.9366 minimums and maximums in 0.9459. Offered at 0.9442, torque ranges between brackets in 0.9431 (September 19th min), 0.9391 (September 16th max) followed by 0.9356 (September 11th max) and resistances in 0.9478 (June 2nd max), 0.9523 (May 30th min) followed by 0.9574 (June 15th max). According to the trend of FXstreet.com index, the pair is highly upward in one hour time and torque is provided above the EMA20.