AUD/USD holding above 7310 keeps the short term outlook positive and targets 7341/44, perhaps as far as 7355/60 to exit longs. Then try shorts up to strong resistance at 7375/80. A high for the day expected, but shorts need stops above 7400. Be ready to buy a break above here, as this is a strong buy signal to target August highs at 7438/40.
Failure to hold above 7315/10, however, risks a slide to good support at 7278/74. It appears bulls have short term control, so this could hold the downside, but below here targets a buying opportunity at 7244/40.