The pair AUD/USD made yesterday a pullback on the resistance at 1.04 and is currently moving on this level, without validating a breakout. The pair is now moving above the upper band of its medium term bearish channel (purple lines). Indicators stay globaly bearish. We now advise to trade the pair according to the key level at 1.04: - Only short positions below 1.04. The breakout of 1.