AUD/USD Holds Above 7220/16
Jason Sen | Dec 01, 2015 07:32AM ET
AUD/USD holding above 7220/16 for a return to 7250 as I write and could continue higher to retest last week's high at 7278/83. We should struggle here, so watch for a high for the day. On a break higher, however, look for 7295/99. A break above 7300 keeps bulls in control to target 7345/49.
First support at 7220/16 could hold the downside again today, but below here risks a slide to good support at 7185/80. Longs need stops below 7160 to target 7150/46. If we continue lower, look for the next support at 7119/15.
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