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AUD/USD: Bullish Breakout at 1.0412 Favours a Short-Term Bullish Bias
AUD/USD has moved above its resistance at 1.0412. Further short-term strength is favoured. An hourly support can be found at 1.0400 (intraday high). The next resistance is at 1.0475.
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).