By FXEmpire.com
The AUD/USD pair rose again during the Thursday session as the Aussie continues to impress. The breakout above the 1.03 level has been confirmed by all accounts, and does look like the real thing at this point in time. There can be very little doubt as to whether or not the resistance level gave way, and it now appears that many traders are out there trying to join the party.
The 1.04 level offered a bit of resistance during the session, only to give way eventually. We believe this is going to be the case all the way of the 1.05 and beyond. If we can get past 1.05, 1.08 will more than likely be targeted next. As for selling, we simply will not do it at this point as we see far too much support at the 1.03 happening.
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Originally posted here
