There is not a lot of to update from yesterday’s analysis. But for those that missed it, a head and shoulders pattern projects a downside target just beneath 63. Yet AUD/USD’s ability to hold above 63c last year despite a slew of negative sentiment, I remain doubtful that it will simply break beneath this level if revisit – unless the wheels fall off of the global or Australian economy. AUD/USD bounced from 64c in line with Wednesday’s bias, and if AU employment data beats expectations or even comes in around them (which are decent anyway) then I see the potential for AUD/USD to extend its rally and head for the ... (full story)