In the last few days the AUDUSD has resumed its surge higher to reach its highest level in two and a half years above 0.76, after pausing for two days. The last few weeks has seen the AUDUSD move strongly higher after enjoying solid support from the 0.7250 level. It initially surged strongly through the 0.7250 level before resting on the level. Prior to the surge it had fallen sharply back down through support at the key 0.7050 level down to a three month low below 0.70, before rallying strongly. Although some distance away now, should the AUDUSD decline from its current highs, the 0.7250 level would be expected to step up and provide some support again.