AUD/USD showed a smooth growth and is still located below the resistance level 0.7893, which is also a local maximum. Overall, the pair is trading in the consolidation, but given that AUD/USD is near its upper limit, we should consider the scenario of its breakout. The move should be sharp and on large volume. A stop loss should be placed below the breakout volume bar. A potential of the deal is 70 pips.
While the pair is trading in the consolidation, we should stay out of the market.
The bottom line: long positions after a breakout of the resistance.