AUDUSD Tests Key 0.75 Level

The AUDUSD is consolidating in today’s Asia morning, tiring as it bumps against the psychologically key 0.75 whole figure level. Significantly, with the massive rally since the January low near the psychologically key 0.70 whole figure level, the AUDUSD has broken above downchannel resistance (on the weekly chart)…

AUDUSD Weekly MACD Positively Crossing

The AUDUSD is rallying in today’s Asia morning on the 730pm EST release of Australian employment data, adding to yesterday’s bounce off uptrend support (on the 4hr chart). Significantly, although the AUDUSD remains within a downtrend (on the weekly chart), a daily close above triangle resistance (on the daily chart) would dramatically increase odds for a test of the weekly chart downtrend resistance in the week after…