Evolution of the AUD / USD
The AUDUSD pair shows a more than obvious upward trend that began in early June of last year. Currently on 1.0971 which represents the new record, although this is modified almost on a daily basis due to the continued rise of the currency.
As the target level may be cited as the 1.10 level would be a distinctly psychological resistance.
An analysis of these moving averages do not yet show a reversal signal but given the level of delay that is usually on issues of modifications should not lose sight of the evolution.
Furthermore, the RSI is in overbought level since 78.01 mark so you can foresee that will not be long before we see a drop in the price.
The base level in the first instance could be located at values close to 1.02 and corresponding to a level that is located within the channel while a second floor can be set to 0.9757 which is crossed by a line of retreat Fibonacci 23.6%.