Australian dollar is looking like it is ready to regain some ground lost to the USD over the past several months. On the daily and weekly candle charts price has broken through the resistance line that span from when its last decline started back in September last year and has not traded below since the break out 3 weeks ago. The weekly DMI and MACD charts show these levels could be entering over sold territory. ADX is well over 40, MACD lines are low and have crossed over. On the 4 hour candle chart price has met with resistance at the top side of the Ichimoku cloud, however the DMI and MACD charts are showing that momentum may be picking up, which could push it through the top side of the cloud and create the push close to the base line on the weekly chart at around 0.8100

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