AUD/USD: Wednesday's Outlook
FinFX | Sep 18, 2013 06:47AM ET
The Aussie maintains positive near-term tone, as the price holds in the upper part of 0.9392/0.9284 consolidation range, with studies on the lower timeframes being positively aligned. Resumption of larger uptrend from 0.8891 requires lift above 0.9400, with important resistance zone at 0.9300/50 and short-term congestion top, already being cracked on extension to 0.9392. Immediate support lies at 0.9335, while extension below 0.9284 higher low, would increase downside risk and signal possible false break above 0.9350.
- Res: 0.9366; 0.9392; 0.9400; 0.9430
- Sup: 0.9335; 0.9284; 0.9265; 0.9232
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