In the last few days, the Australian dollar was trying to rally and push back up towards 1.04 however it ran into some short term resistance around 1.0360, a level which had previously offered some support (evident on 4 hour chart below). To finish last week, the AUD / USD dropped sharply and placed more downward pressure on the key 1.03 level which was able to muster some buyers and prop the price back above temporarily. A week or so ago, the AUD / USD found some short term support at 1.03 before breaking down through the 1.03 level to result in trading at a four month low near 1.0250. This was followed by a very ... (full story)