AUD/USD has spiked in the Asian trade and eyes are on a move higher from both a daily and hourly perspective. The following illustrates the bullish trajectory from a bullish bias within the daily and hourly charts.

From a daily perspective, the bulls have their eyes on a move beyond the recent highs towards the 0.7050 mark as the price climbs the trendline support.

The broadening formation on the hourly chart leaves the upside trendline resistance exposed and vulnerable as well prior to a move lower within the confines of the shorter-term pattern.