AUD/USD broke resistance at 0.9150 earlier, the 61.8% retracement the 0.9405/0.8733 decline from mid-November to late December. It is now bumping up against resistance from a line drawn off the 0.9405 and 0.9326 highs. Congestion is seen now between 0.9175 and 0.9200, where barriers are sure to be rumored. Looks a bit late to jump aboard the bandwagon but I would not fade the trend.
