AUDUSD set to rally.

The #AUDUSD looks set to squeeze higher after a false breakdown of the key .7000 last week. The Dec 20th low was at .7082 and a break above that level would put the 50dma back to the test at the .7165 level. Also, take note that the daily candlestick formation is a piercing line, which is a bullish setup!

Blake Morrow