Forex Flash: AUD/USD faces tough resistance at 1.0578 - Commerzbank

FXstreet.com (Barcelona) - Commerzbank analysts see the AUDUSD with tough resistance ahead, namely the 2011-12 downtrend line at 1.0578: "While it and the 1.0613/24 resistance area (August and September highs) cap, a slip back towards the 1.0515 December 6 high and the 1.0480 early November peak should be seen", wrote analyst Karen Jones, expecting an upside bias while above the near term support line in this vicinity at 1.05075. "Only below 1.0480 will alleviate immediate upside pressure for a slide back to the seven month uptrend line at 1.0424 to unfold", Jones added.