AUD/USD Bullish, Remains On The Offensive

AUD/USD remains biased to the upside retaining its short-term trend and looking for further gain. 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 0.7200 level where a breach will aim at the 0.7250 level. Below here will open the door for a run at the 0.7300 level and then the 0.7350 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the whole, AUD/USD faces further upside threats.

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