History Repeats

AUD/USD spot Forex

This is an example of an idea I thought I would suggest about value propositions, buyer demand and and a past set up that worked.  The area is between the oval on the left, between 0.74831 and 0.74970 and it was where price ripped through the 50-simple moving average in May of last year. 

Seeing that the event happened already this could be cause for some follow through, there are some intense sellers located above.  The 50-simple is now hovering at 0.7707 so I would mark that price zone as a  potential overhead road block.  The other way you look at it is that the USD has room to fall a bit here as the Aussie continues its rally attempt.