The Aussie Dollar continues to struggle with resistance levels in the top half of its 8 month channel. Price tagged the 1.044 level and sold off more than a full cent then came back to clear that resistance level briefly only to bump up against its 20 month downtrendline. More resistance is above that at the Jan high of 1.055 and above that at the top of its 8 month channel just under 1.06. Bottom line: Price is in the top 1/2 of an 8 month channel with multiple resistance levels in this area. Clearing these areas will be like swimming through bubble gum. Only clearing 1.06 and holding would suggest a strong bullish move upward. Meanwhile "Resistance is Resistance."