AUD/USD’s upside pressures are growing. Hourly resistance given at a distance at 0.7695 (15/12/2017 high) has been broken. Support stands at 0.7502 (08/12/2017 low). The road is wide open for further upside.
In the long-term, the trend is turning positive. Key supports stands at 0.6009 (31/10/2008 low) . A break of the key resistance at 0.8164 (14/05/2015 high) is needed to invalidate our long-term bearish view.
