AUDUSD is continuing to test the Q1 high and is currently trading a few pips higher than the significant 0.70 level. Technically price appears to be forming a bull pendant flag, as buying continually grinds the pair higher. Price hasn't been able to close above the Q1 level of 0.70162 however higher lows continue to be formed on the pair. Traders could look to hedge positions on the pair or wait for a break of the flag pattern to open positions.