AUD/USD: Grinding Higher
AUD/USD has risen following its bullish intraday reversal made on 4 January. Resistances are at 1.0527 (03/01/2013 high) and 1.0586 (12/12/2012 high). An hourly support is at 1.0465. Another support can be found at 1.0395 (04/01/2013 low).
AUD/USD is moving within a medium-term horizontal range defined by the support at 1.0177 (25/07/2012 low) and the resistance at 1.0613 (09/08/2012 high).