The AUD/USD currency pair on Thursday bounced off the trendline support at about 0.6563 to trade at about 0.6620. The currency pair appears to have completed an upward breakout from a descending channel formation in the 60-minute chart. The pair has now advanced to trade a few levels above the 100-hour moving average line. As a result, the currency pair is on the verge of entering the overbought levels of the 14-hour RSI. AUD/USD Fundamentals Overview: From a fundamental perspective, the AUD/USD currency pair is trading at the back of a relatively busy period in both markets. On Thursday, the US initial jobless ... (full story)