2 Attachment(s) Hours ago, the AUDUSD arrived in just 4 pips of getting out the May large at 0.7550. The pair is presently up 150 pips since the May 9th reduced of 0.7328 and is just above the month open at 0.7466. Nowadays the Australian dollar is facing stiff opposition. The 0.7500 manage is an even we have mentioned several occasions since March. And and though its relevance was debateable between 3rd, it May April 26th and stays an amount of curiosity at least for my component. To-day, we could see that sentiment. Although bulls have managed a 4-hour near above 0.7500, the huge issue is whether they can display a daily close above it at 5 pm EST. Should they do, odds are we'll see current gains carry on, maybe in to the 0.7590 location. I'll caution, however, that some consolidation would probably take place provided how the 20 and 10 EMAs as measure current prices that are over extended on the daily chart.