The cross has just pushed through last October’s highs of 1.2824 to 1.2835, and if sustained, can target 1.2860/80 area highs of June last year.
AUD/USD now obviously pressurized and threatening to challenge rising trendline support around 1.0415/20 (also 100 day MA 1.0418) from October lows. Ahead of that there are bids sitting down in the 1.0440/50 area with more from exporters down at 1.0400/10
AUD’s at 1.0453
