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AUD/USD – The short-term declining trendline has been broken
AUD/USD made an intraday bullish reversal near the key support area between 1.0177 and 1.0149 on 4 March. A short-term rebound is underway. The short-term declining trendline has been broken. The hourly resistance at 1.0302 (06/03/2013 high) is challenged. A strong resistance is at 1.0375 (15/02/2013 high). An hourly support is at 1.0202 (11/03/2013 low). • AUD/USD is moving within the medium-term horizontal range defined by the support at 1.0149 (08/10/2012 low) and the resistance at 1.0613 (09/08/2012 high). The recent successful test of the low of this range favours further medium-term sideways moves
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