The aussie has abruptly reversed its downtrend, and looks poised to begin rising again. There may even be an inverted H&S pattern at the lows visible on the 4-hour chart, with a neckline at 1.0350. If it is decisively broken, it would lead to a probable rise up to a target at 1.0485. There is a tough bundle of resistance at the neckline, however, including a weekly and a monthly pivot and the 50-day MA. It will be difficult to break, and there is a strong possibility that the pair might resume its down-trend instead. A break below 1.0280 would signal such a bearish continuation and target support and resistance at 1.0175.