Aussie Dollar Triangle

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The Aussie dollar is testing resistance at $1.075/$1.080 against the greenback. Follow-through above the declining trendline indicates the correction is over. Short retracement below $1.08 favors a breakout, which would signal an advance to $1.12*. Reversal below $1.04 is now unlikely, but would test parity at $1.00. 21-day Momentum close to zero indicates no clear trend, but a trough that respects the zero line would suggest an advance. We also need to keep an eye on the CRB index as a confirmed down-trend would weaken the AUD.