AUDUSD broke above 0.7302 resistance and extended its upside movement from 0.7164 to as high as 0.7337.

As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7400 area.

On the downside, a breakdown below the trend line support would indicate that the uptrend is complete, then another fall to 0.7200 area could be seen.