As you can see, we have broken above the 1.35 handle in this pair, which was an all-time high. We have also retested the area for support and found it to be so. Because of this, it appears we are heading into another bullish phase for the pair, and we should be seeing targets of 1.40, 1.45, and maybe even 1.50 based upon the resilience of the Aussie against other currencies like the US Dollar. Shorting this pair in not advised at this point.
