AUD/USD has passed above 0.7402 former high signaling further growth. Is traded above the black uptrend line meaning that the bias is bullish. Still, the pair could come back down to test and retest the 0.7400 psychological level before resuming its upwards movement.
The uptrend will be safe as long as AUD/USD is located above the uptrend line. The uptrend line could be retested as well before the price jumps higher.
AUD/USD Trading ConclusionPassing and stabilizing above 0.7450 suggests buying as AUD/USD should continue trading north. The 0.75 level could be used as an immediate upside target.