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AUD/USD – Stuck at triangle resistance

OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Aussie is having a tough time chewing through the triangle resistance.

Despite the sharp rise today, bulls need to observe caution as we had a fake bullish triangle breakout in October. Furthermore, immediate resistance is lined up at 0.7740-0.7760 levels. Hence, only a daily close above 0.7760 would signal continuation the larger uptrend from January lows.

However, Aussie bulls could take heart from the fact that the 100-DMA is sloping upwards once again and more importantly.
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