In the last 24 hours, the Australian dollar has continued to nudge higher and move within reach of the 1.05 level and in doing so, setting a new nine week high. It has enjoyed a steady run higher in the last week as it has slowly broken through the short term resistance level at 1.0450 and the 1.04 level prior to that. Only a week ago, the AUD/USD had settled well by trading within a narrow range above the short term support level of 1.0360 and under 1.0400. For about a week, it met significant resistance at the 1.04 level having traded up to it for the first time in over a month. In the last few week, it has pushed ... (full story)