AUDUSD: While the pair holds above the 0.9305 level, further bullishness remains. However, AUDUSD will have to return above the 0.9528 level to trigger its broader recovery tone.
This if taken out will open the door for a run at the 09650 level and then the 0.9700 level. Its weekly RSI is bullish and pointing higher.
On the other hand, support lies at the 0.9305 level where a reversal of roles as support is likely. Further down, support lies at the 0.9200 level with break aiming at the 0.9100 level.
A violation of here will aim at the 0.9000 level level. All in all, the pair remains biased to the downside long term.
Guest post by FX Tech Strategy
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