Whilst I am still targeting 0.945 I suspect we'll see a 38.2% retracement before a resumption of the bullish trend. Failing that, we could just see direct gains. Following last Tuesday's positive Jobs data from Australia and China AUDUSD did not waste any time in breaking above 0.932 resistance and eventually over-shooting our 0.9380 target manually to breach 0.9380 2 days later. Those who missed the breakout hopefully managed to jump on board the retracement to 0.9320 supports before the final leg up. So all in all, the analysis so far has held out quite well. When you consider how strong the Greenback was last week ... (full story)