AUD/USD Analysis (August 17)

The pair has confirmed a strong bullish bounce over the last trading session with a rally towards a former support at 1,05.
A clear break above this level which is currently tested would open the door to an extention towards next resistance near 1,0650 (daily 20 moving average).
Only a break below 1,04 (last swing low) would negate this bullish outlook and put the AUD/USD back under pressure.