Technical Analysis for AUDUSD

Technical Analysis for AUDUSD

The Aussie regains strength after repeated attempt lower was contained at 0.9280, Fibonacci 38.2% of 0.8891/0.9526 rally, where near-term base has been formed. Fresh rally above 0.9400 barrier, also 50% of 0.9526/0.9280 fall, turns near-term technicals positive and shifts focus higher. However, to confirm higher low formation, regain of lower top at 0.9455 is required. Overbought hourly studies see risk of corrective pullback, with dips to be ideally contained at 0.9350 zone.

Res: 0.9422, 0.9455, 0.9483, 0.9500
Sup: 0.9390, 0.9368, 0.9350, 0.9334