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AUD seems to have peaked as this month comes to an end....4 hr...

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wombat53

7,702 Posts.

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30/01/16

03:15

Post #: 16901810
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Originally posted by Techstrategy ↑

AUDUSD: Although AUDUSD remains biased to the upside on correction, it continues to retain its broader medium term bias below the 0.7096 zone. Unless that is decisively taken our, the pair faces downside pressure. On the downside, support resides at the 0.7040 level where a breach will aim at the 0.7000 level. Below that level will set the stage for a run at the 0.6950 level with a cut through here targeting further downside pressure towards the 0.6900 level. On the upside, resistance lies at the 0.7100 level. A cut through here will turn attention to the 0.7150 level and then the 0.7200 level where a violation will set the stage for a retarget of the 0.7250 level. On the whole, AUDUSD remains biased to the upside on recovery though with caution.

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AUD seems to have peaked as this month comes to an end....4 hr chart

While the month is not yet over, Monthly chart (note even the day has not yet ended), but again approaching 04/2009 levels

Price at posting: 1.4083 Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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