Forex: AUD/USD finds support at 1.0480, back to test 1.0500

FXstreet.com (San Francisco) - After climbing to 2-week high at 1.0522, the AUDUSD fell below the 1.0500 number again to trade near to 10480 where the pair seems to have found support. Now the AUDUSD is trading at 1.0495, 0.95% above opening price.

From a technical perspective, the Kshitij Consultancy Team highlights the next resistive structure for the AUDUSD at 1.0540. Conversely, initial support lies at 1.0400 (key support), then 1.0345, onto 1.0280.