Australian Dollar Through Resistance Line

We wrote yesterday that "a look at the daily gives perspective. It looks as if the 3rd wave that began at .7415 is extended thus one more high above .8390 would complete the larger 3rd wave and give way to a larger 4th correction.

The longer term bias is bullish above .8168." The near term structure is bullish as well as the AUDUSD has rallied through a short term resistance line.