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AUSD/USD has broken above the bullish flag pattern. The next short-term resistance is seen at 0.7350 which is the next resistance before 0.74. The price continues to trade above the Ichimoku cloud and above the kijun- and tenkan-sen indicators. Support is found at 0.73.
Blue line - resistance (broken)Red line - support
The daily chart is bullish as the price has broken above the Ichimoku cloud. The only warning we got is from the stochastic indicator that has entered overbought levels. Bulls should now be cautious raising their stops to 0.73 as a pullback towards 0.72 is possible.
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