AUDUSD: With AUDUSD breaking and holding above the 1.0327 level, its July 05’2012 high and following through above the 1.0400 level on that strength during Thursday trading session, further bull pressure is expected. In such a case, further strength should build up towards the 1.0473 level, its April’2012 high. Its daily RSI is bullish and pointing higher suggesting further strength. On the downside, any pullback if seen at its present price level will call for a move towards the 1.0400 level. Below here will aim at the 1.0327 level. A reversal of roles as support is expected to occur here but if this fails the pair will target the 1.0098 level. Further down, support comes in at the 0.9967 level followed by the 0.9920 level. All in all, the pair continues to retain its short term bullish tone.
