FXStreet reports that AUD/USD stays bid above trendline support at 0.7665. Once the 0.7849 mid-March high is cleared, the aussie is set to test the end of February high at 0.8007, as reported by Commerzbank.

“AUD/USD continues to consolidate below the recent highs at 0.7815/49.” 

“Dips are indicated to remain shallow and the market should remain underpinned by the 0.7665 support line.”

“Above 0.7849 targets the end of February high at 0.8007. Longer-term, the 0.8135 2018 high is in play.”