Market Overview

Technical Forecast for AUD/USD

Technical Forecast for AUD/USD


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.

The preceding 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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