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AUDUSD: Bullish, Targets The 0.9460 Level.

AUDUSD: The pair has resumed its short term uptrend breaking the 0.9393 level and paving the way for more upside. Resistance resides at the 0.9460 level.

Further out, resistance is located at the 0.9500 level with a cut through here resuming its broader uptrend towards the 0.9550 level. Conversely, support comes in at the 0.9350 level where a violation will set the stage for retarget of the 0.9300 level.

Further down, support comes in at the 0.9200 level, its psycho level where a halt may occur but if violated expect further weakness towards the 0.9150 level. All in all, the pair remains biased to the upside but faces bear threats

AUDUSD

 

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