The Australian dollar has seen a bit of a pullback at the dawn of Thursday, as the market may have gotten a little overdone. The market might be finding support at the point of the previous breakout.
The Aussie continues to pressure the upside overall at this point, but still has to deal with a major resistance barrier just above current trading levels. I suspect we are going to finally see some conclusion soon.
The Australian dollar continues to see a lot of noise, with the overhead resistance causing a bit of a hesitation.