The Aussie was a little tricky yesterday, but once .9500 broke down we bypassed .9465 for .9435. Now only the 240 min chart is showing any sign of impending strength, the 60 and daily charts are neutral.
Not only is .9500 good chart resistance today it is also our Daily Pivot point therefore a bit more emphasis will be placed on it.If we can break above .9500 we have a good chance of trading higher and we would be looking for .9570/80 initially. If we break this resistance, then .9620 will be our short term objective.
If we stay below .9500 we will be looking at another test of 0.9435 and possibly lower down to 0.938. Again we would be looking to cover all shorts to these lower levels.
Attempt longs...but do not hold longs if we break below 0.9349.