AUDUSD Bulls are targeting 0.7050 now

As I mentioned previously on Sunday, breaking 0.6670 will lead to more uptrend, AUD/USD in now settled firmly above 0.68. The path of least resistance is still to the upside as there is no significant resistance till 0.7050 which can challenge the bulls.


Unless something fundamental happens that changes the market sentiment to negative, Australian Dollar will keep appreciating against the US Dollar.

So, bulls have a good chance of taking the price to 0.7050