AUDUSD breaks higher after 0.7900 resistance gives way

After being tightly bound the pair has now burst higher 18 Aug

Offers/res were building at 0.7900 and capping the rally from 0.7870 Asian lows but someone's now had a bit of a clear out. No prime names noted so far but gold noticeably higher too from $1288 to $1295.

Stops triggered above to take out the 07920 sell interest too and post 0.7926 in a hurry. Larger sell interest remains around 0.7950 from where yesterday's retreat began and remains a key resistance area.

Demand now at 0.7900 expected to build as a pivot point with larger interest at 0.7875-80 still.

AUDUSD 15m

Gold 15m