AUDUSD Back Near it’s Monthly Highs

The AUDUSD had pulled of a rather amazing turnaround so far this week. The cross moved down to test the bottom of the daily channel Tuesday night and has since that point moved up around 200 pips.  Heading into Asian trading it will be all about the daily high at 1.0420 and resistance at 1.032o.  A break of resistance could lead to a test of the monthly highs around 1.0460.  Any pullback at the moment may find buyers.

Sup          1.0320

Res          1.0420                     1.0460

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