Throwback: The recent break above resistance around the 1.04 area extended until to around 1.0475. There was a previous resistance pivot here. So far during the11/8 session, we have been seeing a throwback to the previous resistance area (1.0395-1.0410). As we gear up for the US session, the AUD/USD market is showing support here. There is still some more room to the downside before the bullish outlook is put away. As long as price is trading above a rising trendline, the bullish mode remains clear. Targets: The next resistance pivot is around 1.0520. Above that we have the September high of 1.0623 in sight... (full story)