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AUD/USD: Holding Quite Good Support At 7625/20

Published 09/27/2016, 02:05 AM
Updated 07/09/2023, 06:31 AM

AUD/USD Weekly Chart

AUD/USD first support at 7625/20 is quite strong today but below here targets 7600/7595 & perhaps as far as 7570. If we continue lower however look for the next target & buying opportunity at 7535/30. Longs need stops below 7510.

Holding quite good support at 7625/20 allows a recovery to 7650/55 before last week's high of 7675. A break higher this week targets 7690/95 but we start to run in to important resistance at 7720/30. Exit longs & try shorts with stops above 7760.

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