Please click on the Hourly AUDUSD chart on the left for a bigger view.
The AUDUSD looks to have broken out of the nice wedge that had formed (denoted by the yellow lines) and looks very much to me like it wants to retest the 0.6600 level before we finish for the week.
There is also the possibility that we will continue higher to test resistance around 0.6720/40, but we need to take out the downward sloping channel resistance that comes in that 0.6550/00 area.
The only negative i can see for the AUD at the moment will come from EURUSD weakness also holding the AUDUSD back.
