The AUD/USD currency pair on Thursday pulled back off the current weekly highs of about 0.7470 to trade at about 0.7370 after the US data. The currency pair appears to have completed a downward breakout from an ascending channel in the 60-min chart. As a result, the currency pair has plummeted to trade below the 100-hour moving average line. However, the pair mounted a late rebound preventing it from declining deep into the oversold levels of the 14-hour RSI. AUD/USD Fundamentals Overview: From a fundamental perspective, the AUD/USD currency pair is trading at the back of a relatively busy period in the US market. On ... (full story)