FXstreet.com (Barcelona) - AUD/USD rally from 0.6850 low on Apr1 has broken resistance level at 0.6950 reaching to levels right below 0.7090 resistance level (March's top).

According to the E-Forex team, above 0.7090, the Aussie could rise to levels close to 0.73: Above the said level, gains should extend to .7270 which is a more important upside barrier. The break above .6950 on yesterday confirms the uptrend on a short-term basis. Intra-day studies are also bullish and potential pullbacks will face support at .6950/70 and .6870.