AUD/USD had poor week over the last 5 sessions, but did manage to find a bit of support in the 1.03 area. The level has been supportive in the past, so this is a good sign. The breaking of the 1.07 on a weekly close is going to be needed for us to take long-term positions in this pair, and a breaking below parity is needed for us to short it for any real length of time. We see consolidation coming for this pair, mainly between the 1.03 and 1.07 levels, so long-term trades will more than likely be hard to come by.
