The AUD consolidatet below the resistance. If we don't see a break of the resistance today again, then the close above the resistance on Wednesday shall be considered as a false break and another spike down may follow.
We are in a clear uptrend and yesterday we overcame the falling trendline since November. The trend hasn't exhausted yet and today we have retraced the rise over the past 3 days. The trend may continue now.
After the sipe today we got another decline. It reached a 38 % retracement of the rise since 30th January now. The correction may end here. If the day ends up with this kind of candle we may see a higher rise following.
Yesterday's breakout has left the more than 2 months old trading range. Thus we may consider this as the first attempt to continue the uptrend. The bicycle rider, however indicated a pause but the failure to close the window up to now may be seen as a sign that the pause may be a short one.