• AUDUSD broke daily Triangle
• Further gains likely toward 0.6830

AUDUSD under bullish pressure today following the breakout of the resistance trendline of the daily Triangle from the start of August. The lower trendline of this Triangle connects the upward reversal pivots which formed during August – when the price reversed up sharply from the support area lying at the intersection of the major support 0.6700, support trendline of the daily down channel from February and the lower daily Bollinger Band. With the moderately bullish AUD sentiment and moderately bearish USD sentiment seen across the markets, AUDUSD is likely to remain under bullish pressure today and continue to rise toward the next resistance level 0.6830 (top of the aforementioned Triangle and the target price for the completion of the active minor corrective wave (ii)).