Asian central banks weren’t the only buyers, with lots of other ‘interesting’ names buying the AUD/USD yesterday morning when it dipped towards 1.0500. That said, despite all this strong buying interest, the AUD/USD still has to break back above the potential double-top neckline at 1.0595 in order to substantially ease the current bearish sentiment. A clean break through either side of this range should confirm the next short-term directional move.