The support line has been tested 3 times and the RSI is indicating that this pair is oversold, You can clearly see that whenever the RSI hits those levels of oversold it shot up. I will set this pair for a buy and will hold unto this till around the 1.01600/1.06700 levels.
P:S Fundamentals is also saying that there is a lucrative deal occurring for Australia in increasing there Iron ore output to countries like india which will strengthen the Australian currency.