AUDUSD may be forming a traingle awating breakout. If the breakout occured at the top of the trendline, the price should rise to 1.0065 for target 1 and near 1.0200 for target 2. The pair may break the trendline and had a retest of the support. The price is once again above the 100MA. The support level is at 0.989 and resistance is at 1.002.
AUDUSD had a big spinning top and also inside bar for the daily candle. The breakout of the top should bring the pair higher to target 1 and target 2. The price is testing the 21MA once again.
By The Backyard Burner
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