AUD/USD recently broke the daily Triangle – as can be seen from the following trade alert for this pair. AUD/USD is expected to reach the target level 0.9226 in 2 days. The stop-level for this forecast is set by Autochartist 0.9477 (point A, the last connecting point of the upper trendline of this chart pattern). This point was formed earlier – when AUD/USD corrected down from the major resistance area set between the resistance level 0.9460, 38.2% Fibonacci Retracement of the weekly downward impulse from April of 2013 and the weekly upper Bollinger Band (as is shown on the next chart below).

AUDUSD

The following weekly AUD/USD chart highlights the resistance area mentioned above:

AUDUSD