FXstreet.com (Barcelona) - AUD/USD has popped up over 10 pips to level of resistance 1.0280, although strong offered clustered at the level has taken the spot rate back to 1.0270. A short-term downward extension sees 1.0260 as support. The price action follows a lower than expected Australian trade deficit in May, which stood at AUD285M vs -500M expected. The last April number had an upward revision from -203M to -26m. It is the fifht consecutive deficit. Both exports and imports were up 2 and 3 percent respectively.