AUDUSD: While AUDUSD trades within its established rising channel, our bias remains higher. This leaves the risk of a recapture of the 1.0478 level on the cards. A breach will create scope for a run at the 1.0520 level. The ultimate target lies at the 1.0611/23 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, if its present bullish tone fails, it could target the 1.0304 level with a violation of there targeting the 1.0234 level. A breach will push it lower towards the 1.0198 level. Further down, support comes in at the 1.0150 level. All in all, the pair continues to face upside risks.

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