AUDUSD: With continued bullishness seen, more upside offensive is the likely scenario. However, the pair will have to break and hold above the 0.9528 level to trigger its recovery in the short term.
Once this occurs, expect a run at the 0.9600 level. Further out, resistance resides at the 0.9650 level and then the 0.9700 level.
Its daily RSI is bullish and pointing higher supporting this view. Support stands at the 0.9317 level where a reversal of roles as support is likely.
However, if breached the pair will target the 0.9200 level with a violation of here turning focus to the 0.9100 level followed by the 0.9000 level. All in all, the pair remains biased to the upside short term.
Guest post by FX Tech Strategy
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