The AUDUSD is trying to break above channel resistance at 1.0240.  A break of this level would knock the cross out of the descending channel it has been following over the last few weeks.  In early Asian trading the Reserve Minutes are due to be released.  This report could add a bit of clarity to the central banks future plans.  If the cross closes firmly above trend line resistance we could see another move up towards the 1.0325 resistance zone.  Support now begins at 1.0180.

 

Sup     1.0180

Res    1.0350

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