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Technical Forecast for AUD/USD

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Technical Forecast for AUD/USD

 


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.

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Forex Markets Trading Ideas

 

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