AUD/USD: Session outlook, favour selling rallies to 1.0480
As you can see on the attached 4-hour chart, this pair is on a very slow up-trend which is seriously lacking in momentum. Sell orders are reportedly starting at 1.0450 and getting heavier near 1.0480, and I will wait for the latter level before selling. I remain bearish on a slightly longer-term view, as I think the top-end of the weekly wedge, which is now near 1.0600, should again prove to be solid resistance. In the meantime, a broad 1.0350/1.0500 should cover most eventualities.