AUD/USD Technical Analysis: Relentless bulls break above 0.7300 figure with 0.7400 target on the horizon

AUD/USD daily chart

• AUD/USD is above the 50 and 100-day simple moving average and the 2018 bear trendline. 
• Technical indicators are positive suggesting continued bullish momentum. 
• If bulls keep the momentum the next target is seen at 0.7400 figure. A close above 0.7300 figure on a daily closing basis would be seen as a sign of bullish strength. 

AUD/USD 4-hour chart

• AUD/USD is trading above the 50, 100 and 200-period simple moving averages (SMA) suggesting strong bullish momentum. 
• Technical indicators are also at full bullish speed suggesting more up. 

AUD/USD 30-minute chart

• AUD/USD bulls have printed a clean break above the 0.7300 figure. 
• A break below 0.7250 would be a warning sign for bulls. 

Additional key levels at a glance: