AUD/USD: overdone os onwards to 0.8150? - BBH

Analysts at Brown Brothers Harriman explained that the AUD/USD rallied to its best level since mid-2015 near $0.8065 before consolidating ahead of the weekend.  

Key Quotes:

"Momentum and trend followers may try to run it higher ($0.8100-$0.8150 is the next important band of resistance), but the technical indicators warn that the correction or at least a consolidative phase is near. "

"As we noted with the euro, the current conditions are often when reversal patterns happen. "

"The $0.7875 area marks the lower end of the recent higher range."