The Aussie had a big week last week as falling US yields dragged down the USD and saw risk sentiment improve giving AUDUSD a double boost. At the start of the week it looked like AUDUSD was boing to test the lower band of its 3-month range and the major support at 0.63, only to dramatically turn around to test the upper band and major resistance at around 0.65 after the miss on US CPI. This 0.65 level will be key for range traders and breakout traders alike. For range traders a resistance hold and AUDUSD could drift lower to the recent range mean of 0.64 , for breakout traders a break and hold of the 0.65 level could see the Aussie retake the 0.65 – 0.69 range it traded in between March – August.