AUDUSD: Outlook Higher Towards The 1.0496 and Beyond.
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AUDUSD: With continued upside seen there is risk of a return to the 1.0496 level. This if seen will resume its offensive towards the 1.0550 level where a break will aim at the 1.0600 level and then the 1.0650 level. However, a failure of its present strength could see it turning lower towards the 1.0374/1.0413 levels. A reversal of roles may occur and turn it higher but if broken, expect further declines to occur towards the 1.0300 level. Further down, support stands at the 1.0203 level. All in all, the pair remains biased to the upside.