On AUDUSD daily chart there is a growing demand pressure. Price broke psychological level at 0.7500. Corrections are shallow and candle close above the previous highs. It’s worth looking at a lower time frame chart

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On H1 chart pair is moving in the dynamic growth channel. The last test of the lower limit of the system has led to increased bullish activity. Breaking the area at 0.7550 is likely to lead to further increases to a round 0.7600 level. Breaking support of the channel can lead to a bigger correction.

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