Technical forecast for AUD/USD

audusd1

AUDUSD made it to resistance at 9440/50 which did hold the move as expected. We dipped to good support at 9381/77 which could hold the downside today but below here see 9355/50. A low for the day is very possible here but if we continue lower look for a buying opportunity at 9335.

If we can hold 9381/77 look for a return to 9405 & above here 9425. If we continue higher a retest of 9440/50 offers a selling opportunity with stops above 9475.

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