AUD/USD is at present shopping for and promoting above 0.7310, representing a 0.16% reap on the day.
While the pair is flashing green, it is however to exit a two-week ascending triangle, as viewed on the 4-hour chart. As such, the on the spot bias stays neutral.
A smash above the greater provide up of the triangle, at present at 0.7340, would imply a continuation of the rally from the Nov. two low of 0.6991 and open the doorways for 0.7413 (Sept. 1 high).
Alternatively, a triangle breakdown would recommend a non everlasting bearish reversal and shift danger in select of a drop to 0.6991.
A bullish breakout appears possibly at press time, as the equity markets are cheering probabilities of an early rollout of coronavirus vaccines in the US.