AUDUSD Overbought On Daily Chart
Jason Sen | Jun 20, 2017 05:45AM ET
AUDUSD first resistance at the 7633/35 high. We are very overbought on the daily chart so gains are likely to be limited and this has been holding but this is not strong resistance. If we continue higher look for 7656/60 and 7679/81, perhaps as far as 7695/99.
Failure to beat the 7633/35 high targets 7595/91 then first support at 7570/65 which looks likely to hold the downside again today. However below here this week targets a buying opportunity at 7535/30. Longs need stops below 7510. Further losses target 7504/00 then minor support at 7470/65.
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