It is probable that a flat is underway in the AUDUSD as a complex W-X-Y pattern that will end above .7275. The AUDUSD is trading above the resistance line drawn off of the January 7th and February 9th highs; a daily close above would be bullish. As is usually the case, momentum (RSI) has already broken through its comparable resistance. Bulls can move risk from .63 to below .64.
