AUDUSD is up against key horizontal and trendline resistance at the 0.7620/30 level. This sets up a short opportunity with a good risk:reward ratio. On a break above this area, we can easily see a short squeeze toward the 0.7730 area as bears throw in the towel. If this happens, we would likely see across the board dollar weakness with the euro and pound also going higher. Liquidity will still be lower than average on Friday because many US traders will still be on their Thanksgiving extended w…