AUD/USD Continues Rallying

AUD/USD has been moving to the upside for two weeks now, ever since the pair formed a double bottom on the daily time-frame as well as a spinning top candlestick on the weekly time-frame, but yesterday it finally broke above the (MA)89 indicator on the daily time-frame at the 0.7440 level and then continued rallying. Currently there is a doji candlestick as well as a pair of hanging man candlesticks on the thirty-minute time-frame so there will likely be a retracement, which is normal after such an impressive move to the upside, but for now the pair remains very bullish. Should the rally continue its nearest target is the resistance at 0.7590, which is the (MA)89 indicator on the weekly time-frame.