AUD/USD hit our target of 9275/70 again on Friday. The pair bottomed exactly here and beat 9320 but halted 5 pips below our resistance at 9340. We should struggle again at 9335/40 with a good chance of a high for the day but above offers a selling opportunity at 9365/70. Exit longs and try shorts with stops above 9385.
Immediate support is 9300/9295 but below here a retest of good support at 9275/70 likely. This should hold the downside but if we continue lower today look for a test of trend line support at 9250/45 and a low for the day expected, but longs need stops below 9230.