The AUD/USD has been consolidating in a flag pattern for the last 6 days, with parameters at 1.0145 and 1.0330. Such patterns are usually continuation, meaning that in this case they should generally break to the topside. One word of warning, the ‘flag’ in this case is even longer than the ‘pole’, and that can negate the pattern.
Initial hourly resistance at 1.0305 with obviously the big level at 1.0330.
