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Forex pairs in this Article » AUD/USD (Barcelona) - Although the ANZ team highlights the resilience of the AUD to hold firm above 1.03, they also remain modestly optimistic on the prospects for further upside resolutions.

According to ANZ FX technical strategist Tim Riddell, "while further spikes to breach September's 1.0625 high may well occur, as serially suggested, this would be seen as a short lived redefining and affirming of a narrowing range." Tim forebodes that such upward move, if it occurs, "would then leave AUD at risk of sliding back to 1.03, if not parity, over coming months..."
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