AUD/USD bullish trend seems to be holding

Higher tops and higher bottoms on price indicate an uptrend (dow pattern); the piercing above the 0.6893 resistance (December 3rd high) confirms the potential for the resumption of the trend which started on October 13; moving average analysis are bullish since current price is above both the 50 day and 20 day averages; upside focus seen at 0.7122 provided price can maintain above the October 13th - November 4th valid trendline (see chart).

Not investment advice. Past performance is not indicative of future results.