AUD/USD — Americans want to fly south for the winter?

If you are living in the land of Down-Under, you are in the middle of a nice summer. As a frequent traveller, I wouldn’t want to travel from Australia (or anywhere in the south for that matter) to the Northern Hemisphere in December. It is cold! Americans living in the winterland too would probably prefer to go to the for the winter. Watch out market investors! The currency pair is turning trend and finally moving to a bullish position. Look at the hourly chart:

The currency pair has switched from a bottom of 0.82260 and is nowo trading at as high as 0.83100. This is clear only on the hourly. On the daily:

The currency paid has consistently been dropping since 3rd of September from a high of 0.94010 to the approximate current of 0.83022. Daily resistance is up to 0.840 range but the support has flattened to its current position. Traders should be prepared that the Auzzie has got back from energy and strength from the summer heat! Investors could be able to cash in positions in the coming days on a bullish direction.