FX.co ★ AUD/USD Update for April 13, 2023 - Upside breakout of the triangle pattern

Technical analysis:

AUD/USD has been trading upside this morning and I found that higher lows are building and that there is the breakout of the triangle, which is good sign for the further rise.

Due to the breakout of the tight triangle pattern in the background and upside trend, I see potential for the upside continuation.

Upside objective is set at the price of 0.6780

MACD oscillator is showing bullish reading, which is good sign for the further upside movement.

Short-term support is set at the price of 0.6695