Daily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-AUD/USD is trading at a long term parallel (essentially the beginning of a resistance zone that stretches to the 2016 high at .7835) but the last week+ could be consolidation before another push higher. The near term bias line is .7600. As long as price is above the figure, shorts are fighting an uphill battle. Even a drop below .7600 could see support near .7525 (December high).