Bullish attempt: The daily AUD/USD chart shows a market in a bullish attempt since the September low of 1.0148. The RSI shows a market without much momentum. In fact being stuck between 40 and 60, it shows a market in consolidation, although price action has continued to make higher highs and lows. The past week or so, we have seen AUD/USD trying to attack the 1.05 psychological resistance. If the market can push through the area of supply around 1.05, and push the RSI above 60, the Aussie might open up the August-September resistance pivots in the 1.0613-1.0623 area. Consolidation, waiting for breakout: The attack ... (full story)