AUD/USD Bounced From 7340/50 After The Top At 7373

By Jason SenForexJan 10, 2017 06:35AM ET

www.investing.com/analysis/audusd-daily-forecast---10-january-2017-200172006

By Jason Sen | Jan 10, 2017 06:35AM ET

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AUD/USD Weekly Chart

AUD/USD bounced from 7340/50 after the top at 7373 with a recovery this morning we look for a test of that important longer term resistance at 7380/90 for an excellent selling opportunity.

**A high for the recovery is expected here.** Try shorts with stops above 7430. The longer term bear trend should resume from here.**

However, a sustained break above 7410 means the important resistance has been broken. This is a short term buy signal targeting 7440/45 then 7460/65. Below 7340 is more negative and targets quite good support at 7325/20. Below 7300 risks a slide to 7260/55.

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Central Banks

Interest Rates

Next Meeting

FED

2.00%

Aug 01, 2018

ECB

0.00%

Jul 26, 2018

BOE

0.50%

Aug 02, 2018

SNB

-0.75%

Sep 20, 2018

RBA

1.50%

Jul 03, 2018

BOC

1.25%

Jul 11, 2018

RBNZ

1.75%

Jun 28, 2018

BOJ

-0.10%

Jul 31, 2018

CBR

7.25%

Jul 27, 2018

RBI

6.25%

Aug 01, 2018

PBOC

4.35%

BCB

6.50%

Aug 01, 2018

S&P 500 Futures	2,746.00	-13.50	-0.49%
Nasdaq Futures	7,185.50	-37.25	-0.52%
Dow 30	24,580.89	+119.19	+0.49%
SmallCap 2000	1,683.21	-5.74	-0.34%
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US Coffee C	117.03	+0.81	+0.70%

EUR/USD	1.1637	-0.0017	-0.15%
USD/JPY	109.47	-0.50	-0.45%
USD/CAD	1.3300	+0.0032	+0.24%
GBP/USD	1.3250	-0.0014	-0.11%
USD/MXN	20.0665	+0.0473	+0.24%
AUD/USD	0.7417	-0.0029	-0.39%
USD/BRL	3.7854	-0.0009	-0.02%
USD/RUB	62.8773	0.0000	0.00%

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AUD/USD Bounced From 7340/50 After The Top At 7373

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