The AUD/USD has been consolidating since making a low on the year at 0.7626 as we can see in the 4H chart below. We saw a second attempt to test 0.7626 that failed and price has since drifted higher. Bullish Breakout: Then, after another period of short-term consolidation, AUD/USD held above a common support pivot of 0.7750, and is now pushing above the February consolidation range with resistance at 0.7876. Note in the 4H chart that price action also broke a falling speedline that was coming down from a high in January at 0.8295. It is now testing the 0.79 handle and the 200-period simple moving average (A break ... (full story)