AUD/USD: At risk of further short-term gains

The RBA decision caught the market, myself included, quite off-guard and the AUD/USD would seem to be at risk for further gains in the short term. The market has breached a barrier level at 1.0800 and is consolidating above previous resistance at 1.0750. I expect that support will now be solid on any dips back towards 1.0750 and those aforementioned stop-loss buy orders above 1.0820 might get some more attention once Europe opens. Next batch of sell orders are reportedly near 1.0870.