AUD/USD: Grinding Higher
AUD/USD has moved above its hourly resistance at 1.0444 (08/11/2012 high). A new test of the resistance at 1.0475 (28/09/2012 high) is likely. The key support area is defined by the rising trendline and 1.0360 (09/11/2012 low).
AUD/USD is moving within a medium-term horizontal range defined by the support at 1.0177 (25/07/2012 low) and the resistance at 1.0613 (09/08/2012 high).