AUD-USD: Biased to the Upside

AUD-USD: Biased to the Upside:

The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.

NEW YORK (fxtechstrategy.com) -- The Australian dollar-dollar currency pair this week followed through higher on its bullish corrective recovery, breaching the 0.9983 and 1.0313 levels to open the door for further upside gains.

This technical development now leaves further upside risk targeting 1.0399, AUD-USD's Sept. 16 high.

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