AUD/USD continue to trade above rising trendline. Hourly support can be found at 0.7946 (05/09/2017 low). Strong resistance is given at 0.8066 (27/07/2017 high). Expected to further consolidate.
In the long-term, the trend is largely negative since 2011. Key supports stands 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.
