AUDUSD looking perky - ST target of 0.7800
AUDUSD is holding above the 5-day EMA, having found a platform from horizontal support at 0.7560 (the purple line). Price has broken out of the consolidation zone and above the former neckline of the head and shoulder pattern. Price action and the broad structure suggest a risk of a move into 0.7800 and the highs from mid-March. Look to re-assess the trading bias on moves into here.
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