AUD/USD Bullish Bias Intact

 | Apr 22, 2014 02:22AM ET

h3 AUD/USD bullish bias intact, with late April threat to .9535/40


A cautious tone from last week still holds above the foundation at .9305/00 and notably the trend line, now at .9250, to leave bullish pressures intact into late April.

We see a bounce risk into midweek to .9425 and for the week through the .9460 peak.

We still see the April threat higher to .9535/40 retrace/ chart targets with overshoot risk to .9625/30.

h3
What Changes This?/h3


Below .9300 eases bull risks through .9250, and we only see a shift to negative below .9205/00.