AUD/USD’s upside pressures is slowed. Hourly resistance at 0.8025 (17/01/2018 high) is broken. New resistance point is at 0.8040 (19/01/2018 high). Support at 0.7849 (12/01/2018 low) is distanced. 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.
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