AUD/USD testing resistance at 7135 but a break higher looks likely and targets strong resistance at 7155/60. This is the main challenge for bulls today but shorts need stops above 7180. A break higher is a buy signal therefore and sees 7160/55 act as support to target 7190/95 then 100 day moving average and November highs resistance at 7215/20 for an excellent selling opportunity. Try shorts with stops at 7245.
Failure to beat 7135 risks a slide to first support at 7105/00 which could hold the downside but longs need stops below 7090. A break lower should re-target minor support at 7070/65.