AUDUSD: Bullish, Presses Further Higher

AUDUSD looks to strengthen further as it retains its broader upside pressure.

On the downside, support comes in at the 1.7150 level. A cut through here will turn focus to the 0.7100 level and then the 0.7050 level.

A violation will set the stage for a retarget of the 0.7000 level. Conversely, resistance lies at the 0.7250 level where a breach will aim at the 0.7300 level. Below here will open the door for a run at the 0.7350 level and then the 0.7400 level. On the whole, AUDUSD faces further upside threats long term.

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