AUD/USD - Pushing Towards Strong Resistance Area
AUD/USD is still consolidating. Hourly resistance given at 0.7696 (02/02/2017 high) has been broken. Other resistance can be found at 0.7835 (21/04/2016 high). Expected to see further bullish breakout.
In the long-term, we are waiting for further signs that the current downtrend is ending. Key supports stand at 0.6009 (31/10/2008 low) . A break of the key resistance at 0.8295 (15/01/2015 high) is needed to invalidate our long-term bearish view.