So far this week, the AUD/USD has extended last week’s rally , which was accelerated after the EU summit. After the RBA held rates, the Aussie had some initial bearish “noise” but regained a bullish stance by the 7/3 US session. As we wind up the 7/3 global trading session, the AUD/USD is pushing at the 1.03 psychological resistance level. The rally has no doubt slowed down as price action shows a flatter rally than Friday’s sharp swing and the RSI has a bearish divergence with price. The market is slowing ahead of the key event risks on  Thursday (Spanish 10-yr bond auction and ECB meeting/press conference) and ... (full story)