AUDUSD: Having halted its corrective declines and bullish, there is risk of further upside offensive towards the 1.0456 level. A cut through here will call for more upside towards the 1.0520 level. The ultimate target lies at the 1.0611/23 level. Its daily RSI bullish and pointing higher supporting this view. On the downside, support stands at 1.0350 level where a breach will aim at the 1.0300 level. Further down, support comes in at the 1.0234 level. A breach will push it lower towards the 1.0198 level. All in all, the pair continues to retain its upside risks short term.
