FXStreet reports that Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the AUD/USD to surge above the 0.80 level.

“AUD/USD is attempting to erode the recent highs at 0.7815/49, it has not quite managed to clear this zone and will need a second close above here to confirm the break. For now, we will maintain a positive bias and allow for gains to the end of February high at 0.8007.” 

“Longer term, the 0.8135 2018 high is in play. The 200-month ma lies at 0.8263.”