So far this week, the AUD/USD has been flattening out against a rally that goes back to the June 1 low of 0.9590. It is finding resistance just below 1.06 (at about 1.0595), a psychological resistance as well as a previous support pivot for a consolidation period during February. We noted this resistance during the previous post on Friday (8/3) when the pair surged after the positive US NFP. In the 1H chart we see this market in a sideways consolidation with a slightly lower low during the 8/8 session (1.0530) than the 8/6 session low (1.0535). The 8/8 session is winding down in US trading and as of 2:15PM EDT, the ... (full story)