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AUD/USD threatens Trend-Line off Apr high, spreads & commodities aid lift

Tuesday, May 12, 2015 1:29 PM UTC

AUD/USD threatens Trend-Line off Apr high, buoyed by wider spreads & commodity bid
Firm AUD crosses & bullish RSIs help move rally along
Breaks put April's high in play, market will need help to crack that high
Resistance above the trend-line daily highs at 0.8005 & 0.8031
Pair could test 0.8300 on soft US retail sales, sub-0.7785 eases bull pressure

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AUD/USD threatens Trend-Line off Apr high, spreads & commodities aid lift

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