AUD/USD Technical Analysis: Break above 0.7455 could strengthen the bullish perspective

• Ahead of the Asian session, AUD/USD continues to move in an ascendant channel currently near the upper limit suggesting that a correction could take place, particularly if price breaks under 0.7430.
• Key short-term support at 0.7406/12 (uptrend line): a consolidation below would negate the upside bias, exposing 0.7385.
• To the upside, above 0.7450/55, the Aussie would gain support to more gains, with a potential target at 0.7480/85.
• On the daily chart, the pair continues to move sideways. The last seven weekly closes have been between 0.7400 and 0.7445.

AUD/USD Chart, 15-Minute

Spot rate:                0.7437
High:                      0.7440
Low:                       0.7401

Trend:                    Bullish

Resistance 1:        0.7450
Resistance 2:        0.7485
Resistance 3:        0.7500

Support 1:            0.7410
Support 2:            0.7385
Support 3:            0.7360