Technical forecast for AUD/USD

audusd

AUDUSD will need to hold above 9390 for a chance to retest yesterday’s high at 9418. Above here today we hit resistance at 9440/50 which should hold the move. The outlook is quite mixed so a break higher cannot be ruled out perhaps later in the week & could target 9510 for a selling opportunity.

Below 9365 is more negative & can target 9350/47. Below here 9335/30 should hold the downside for a buying opportunity today.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More