As gold trades as an AUD currency hedge, it is a good time to...

As gold trades as an AUD currency hedge, it is a good time to have a look at currency charts.
The AUD short term chart shows resistance kicking in at 68c and a breakout above 70c.
Rather than break out, I suspect the AUD will consolidate then break out.
.

.
One of the arguments for consolidation is the longer term chart below. From 2012 and $1.08
A breakout on the chart above is straight into resistance on the chart below. Won't be easy to crack.
If commodities/PM's are in a bull market then I expect a breakout rather than a breakdown in the AUD, but not without a fight or odd reversal.
Did anyone long the AUD when it dipped below 62.2c? There have been 2 opportunities to go long AUD in the last month on these charts.
.

.
When the AUD hits resistance, expect a pause in the fall of the USD. Not far away.
If the AUD breaks out, expect the USD to continue to slide...