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AUDUSD - Rallies, Eyes Further Upside Print E-mail
Daily Forex Technicals | Written by FXTechstrategy | Sep 19 13 10:10 GMT

AUDUSD - Rallies, Eyes Further Upside

AUDUSD - With continued upside offensive seeing the pair rallying on Wednesday, the risk is for more strength to occur. Resistance resides at the 0.9550 level with a cut through here opening the door for 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 0.9400 level followed by the 0.9317 level where a reversal of roles as support is likely. However, a breach of here will target the 0.9200 level with a break of here turning focus to the 0.9100 level followed by the 0.9000 level. Further down, support stands at the 0.8900 level. All in all, the pair remains biased to the upside short term.

 

 

About the Author

Mohammed Isah
Market Analyst
www.fxtechstrategy.com

This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are the author's own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which the author incur any responsibility. The does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report

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