Throughout October and November last year, the AUD / USD bounced back off the support level at 1.02 and slowly but surely regained lost ground meeting and dealing with key levels along the way. This resulted in the AUD / USD moving to a three month high just shy of 1.06 in the middle of December. After falling sharply in a couple of weeks in late December which saw it drop down below 1.0350, the AUD / USD regained the lost ground quickly and again returned to the 1.06 level touching a four week high. In the last couple of weeks, the AUD / USD has slowly drifted back to the key level of 1.05 where it has been met with ... (full story)