After the aud/usd breakout from the range (rectangle) in early December the stock has been trending upward in a channel steadily. For now the trend is definitely still to the upside but I am waiting to see if the channel breaks to the downside and through the near term support pivot at 0.7642 in the coming week. If we get a break to the downside then we may test the previous range (rectangle) high of 0.7413.