Here we can see the market has completed a 5 wave sequence. The rebound we have seen from the cycle lows are starting to gain momentum and a break above the 200MA will trigger the momentum in the move.
Those following the live updates will already know we have been bullish on AUD since the 0.68 / 0.69 lows. The impulsive nature will be confirmed above 0.7127x which will trigger a flow towards 0.726x. If the thesis is correct and we have seen a 5 wave sequence completed, we 'know' that the market will continue to remain bid and the underlying direction will be sideways/higher.
All not holding positions already it is better to sit tight and add on a break through the 0.7091 and go massive above 0.7126x ... main target 0.7260x.
I know many from the room are already fully loaded on the buy side, time to sit tight and continue working longs on the break.