A few weeks ago I was talking about a possible triangle breakout on the AUD/USD weekly chart. I have been quite bearish on the Aussie until recently noted that the US Dollar is now being defined as a bearish market and could be in a decline for some time to come. Current support is just barley holding the USD from breaking through.
The Aussie made a break to the upside on the 9th of July which could mean price has potential to reach the .86xxx resistance level, which was a support level back in April – December 2013.
At current levels we are waiting for a breakout on the day chart to pick the direction but e favor the upside at this point in time.
The swiss yen is currently in a buy zone and looking at pricing moving up to the 118 level.