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AUD/USD: Bullish Pressures Within The Broader Range

BySteve Miley
Published 06/10/2014, 05:19 AM
Updated 12/12/2023, 05:55 AM

AUD/USD positive bias, aims for .9365/70 targets and above; .9410 is key

  • A push up and setback from a final .9365 retrace barrier and topping line at .9370, ahead of the .9410 failure peak from May.
  • Despite the setback, we see a positive bias into midweek, from the push last week through firm .9325/35 resistance.
  • This is within the context of neutral short-term setup within the broader .9200-.9410 range environment.
  • We see firm chart and trend line support into Tuesday holding any dips and see risk to challenge .9365 and maybe .9410 (for range breakout risk).
  • WHAT CHANGES THIS?
  • Upside: Above .9410 aims for the .9460 peak and above to .9525/45.
  • Downside: Below .9200 sees a more negative theme for the 200-DMA, .9186 and .9155 and .9060 retracements.

 Please see full report with levels and latest screencast here:

 Daily AUD/USD Chart

AUD/USD Daily


4 hour AUDUSD Chart

AUD/USD 4 Hour


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