On 4/27 the AUD/USD broke above the resistance zone of 1.0452-1.0463, but since then, it has failed to sustain the break. The 4/30 week starts with some key risk factors that may have held the market from extending the break. The throwback so far hovers above the 1.04 level, and is therefore still within the scenario of a bullish breakout. The 1.0385-1.04 area contains a rising trendline, the 200 4H simple moving average, and the resistance area of a previous near-term consolidation period on 4/25. The risk events will first be Chinese Manufacturing PMI. Poor PMI data will confirm pressure on the AUD since a slowdown ... (full story)