AUD/USD Strong Resistance Likely At 9205/15

Published 12/02/2013, 07:21 AM
Updated 05/14/2017, 06:45 AM

AUDUSD returned to support at 9065/60 & just held on here as we bottomed at 9052. We are oversold & this should now signal an end to the 5 week sell off. Today if we can hold above 9140 we could target strong resistance at 9205/15 for a short term selling opportunity with a high for the day expected.
AUD/USD
Below 9140 however is more negative for today & risks a slide to 9124, possibly 9100/95 for a buying opportunity.

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